Retailers from Walmart to Macy’s are teaming up to deliver an anti-tariff message to Trump
Share to twitterThe U.S.-China trade tariffs war is a big watchpoint for retailers and many other industries. With uncertainty over the potential impact of the U.S.-China tariff war still looming large, 661 companies and associations from different industries, including retailers Walmart, Target, Costco, Macy’s and Gap, just sent a letter to the White House urging the Trump administration to get back to the negotiating table and resolve the trade spat.
The Trump administration has already raised tariffs to 25%, from 10%, on about $200 billion of furniture and other imports from China and has threatened to impose additional tariffs of 25% on another $300 billion of Chinese imports that would affect categories including apparel, shoe and toys.The letter was delivered with the Office of the United States Trade Representative set to begin hearings considering the additional 25% tariffs.
Fashion labels Alexander Wang and Ralph Lauren, North Face and Timberland parent VF Corp., teen retailer American Eagle, shoe retailer Foot Locker, pet-gear chain PetSmart, discounter Five Below, greeting card company Hallmark Cards, crafts retailer Michaels and home-furnishings retailer Pier 1 are among the retailers that have signed the letter. Foreign brands includingU.S. consumers would pay $4.4 billion more each year for apparel, $2.5 billion more for footwear, $3.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Trump Campaign Fires Pollsters After Leak of Polls That Look Bad for TrumpRather than approach the information as a valuable tool or a moment to reevaluate, Trump reportedly told his aides to deny that the internal polling existed
Baca lebih lajut »
Trump's MAGA Rallies Cost Big Bucks and Cities Are Stuck Footing the BillsTrump's MAGA rallies cost big bucks and cities are stuck footing the bills, investigation finds
Baca lebih lajut »
White House, congressional leaders will try again to reach spending dealTop congressional leaders from both parties will meet with senior White House officials this week as the Trump administration and Congress try once again to reach a deal to avoid tens of billions of dollars in automatic spending cuts this fall
Baca lebih lajut »
Trump Demands Restart on Interview After Guy Coughs While He's TalkingTrump kicks out a cougher who interrupted his ABC interview.
Baca lebih lajut »