GJ Town India

Family Owned Nebraska Retailer Says, Tariffs Will Hurt Small Businesses! At an event in Washington today featuring small business owners, manufacturers and a farmer harmed by tariffs, the owner of a Nebraska electronics and appliance store represented the National Retail Federation and discussed how the growing trade war will hurt his business and customers. “We couldn’t be more discouraged by this ongoing trade war and what it means for our family owned company that has been in business for more than 70 years,” said Ron Romero, an NRF member and owner of Schaefer’s TV and Appliance, an independent retail business based in Lincoln, Neb. “We were only given a week’s notice in some cases to prepare for this latest tariff onslaught that couldn’t have come at a worse time as we approach the holiday shopping season, a very important selling season of the year.” “Tariffs are taxes that will cause sticker shock for our customers and ultimately lead to fewer sales and mak...

Tariff Wild Card threatens US retail With retail sales continuing to grow, imports at the nation’s major retail container ports are expected to remain strong this month after setting three new records this summer, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates. “More tariffs could come any day, and retailers have been bringing in record amounts of merchandise ahead of that in order to mitigate the impact on their customers,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Retail sales are growing stronger than expected this year thanks to tax cuts and job creation, but tariffs are the wild card that threatens to throw away a significant portion of those benefits.” “The current boom in shipping can primarily be explained by importers’ response to the U.S. trade war with China,” Hackett Associates Founder Ben Hackett said. “Consumers appear to be spending money on go...