The National Retail Federation issued the following statement from President and CEO Matthew Shay after the Office of the U.S. Trade Representative today released a final list of $16 billion worth of goods from China that will be subject to a 25 percent tariff effective August 23:
“This is just another step toward throwing away the benefits of tax reform that have given our nation’s economy a badly needed boost. These tariffs might be part of an effort to bring about fair trade with China, but as we’ve said before all we have seen so far is a huge risk for American consumers and workers with no endgame in sight. It’s time to stop digging a deeper hole while we can still climb out.”