The Trump administration has imposed tariffs on $200 billion worth of product imported from China, which includes a host of consumer products such as housewares, consumer electronics, tools and food.
Despite some macro economic concerns among consumers and inclement weather in the U.S., retail sales gained in August, according to the National Retail Federation.
As retail sales remain strong, traffic at the nation’s container ports continues to grow as well, according to the Global Port Tracker report from the National Retail Federation and Hackett Associates.
In testimony before the Office of the U.S. Trade Representative, the National Retail Federation spoke out against the Trump administration’s proposed $200 billion in tariffs on a host of items including housewares and various home products.
July retail sales were up 4.9% year-over-year and 0.4% seasonally adjusted from June with sales at furniture and home furnishing stores and electronics and appliances stores remaining strong.
The International Housewares Association, which previously had come out against proposed tariffs on a host of housewares products, is raising new concerns over an increase in the proposed rate hike from 10% to 25%.
With concerns rising over proposed new tariffs on products from China, imports at the nation’s major retail container ports have set two new records this summer and are expected to set another in August, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Second quarter sales at Newell Brands were down as company officials pinned the decrease on the closing of Toys ‘R Us and inventory destocking in the office superstore segment.
Responding to the latest round of tariff proposals, Restoration Hardware (RH) recently provided what it called clarification in response to inaccurate reports regarding the percentage of the company’s product sourced from China.
The International Housewares Association is speaking out against the latest round of tariffs being proposed by the Trump Administration, with the IHA’s chairman labeling the new tariffs now being discussed as potentially “disruptive.”
Traffic at the nation’s largest ports remains high with new monthly records predicted for the summer, according to the monthly Global Port Tracker report from the National Retail Federation and Hackett Associates.
HomeWorld’s annual Made in the U.S.A. edition (July 9, 2018) marks the 10th year we’ve dedicated an entire issue to an American housewares manufacturing renaissance.
The National Retail Federation has come out against the Trump administration’s move to issue tariffs on $50 billion of Chinese imports.
Despite facing the possibility of additional tariffs on goods from China, imports at the nation’s major retail container ports are expected to grow throughout the summer, according to a recent Global Port Tracker report from the National Retail Federation and Hackett Associates.
The near-term cost to retailers of exiting the North American Free Trade Agreement could be $15.8 billion, according to a study released by consulting firm A.T. Kearney.
Imports at the nation’s major retail container ports are expected to grow a healthy 5.8% year-over-year this month but could be threatened in the future if the developing tariff dispute and potential trade war between the U.S. and China continues to escalate, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.