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Tuesday, 04 December 2018 14:34

Retailers welcome delay in implementation of tariffs on Chinese imports

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The news of a delay in implementation of tariffs on $200 billion worth of goods imported by China, was welcomed by retailers as a way to de-escalate the looming trade war that the industry fears that such tariffs will spark. Referring to the delay as a ‘breakthrough,’ Hun Quach, VP for international trade at the Arlington-based Retail Industry Leaders Association (RILA), believes it will keep America competitive, grow its economy and support the millions of American jobs impacted by trade. Achieving a resolution that forgoes a 25 per cent increase and any additional tariffs placed on everyday consumer items will benefit millions of American families across the country. In a recent letter to President Trump, RILA laid out retailers’ issues with the tariff increase and lack of exclusion process for List 3, encompassing thousands of everyday consumer items like apparel items and paper goods.