GJ Town India

The trade war has gone on for far too long The costs have grown far too high Tariffs Hurt the Heartland Tariffs Hurt the Heartland, the national campaign comprised of over 150 of America’s largest trade organizations from across retail, tech, manufacturing and agriculture, released the statement after the Trump administration released a list of $300 billion in additional products they plan to place tariffs on. “As the White House’s top economic advisor has acknowledged, tariffs are taxes paid by American businesses and consumers – not foreign governments. This latest escalation means the trade war will only get worse and hit home for every American. Forcing American consumers to pay more for clothes, shoes, toys, electronics and even food, while making it more difficult for exporters to compete, will do nothing to hold China accountable. Farmers, low-income consumers and small businesses will be disproportionately impacted at a time when every sale and every doll...

Retail Imports Level Off After a higher import of 5.3% YoY Ill-advised trade war invites slower H1 2019 Imports at the nation’s major retail container ports have slowed down after a months-long rush to beat increased tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “With the holiday season behind us, the immediate pressure to stock up on merchandise has passed but retailers remain concerned about tariffs and their impact on the nation’s economy,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Retailers have also brought in much of their spring merchandise early to protect consumers against higher prices that will eventually come with tariffs. Our industry is hoping the talks currently under way will bring an end to this ill-advised trade war and result in a more appropriate way of responding to China’s trade abuses that won’t f...