Breaking News

GIGABYTE Announces the Availability of AORUS GeForce RTX 50 INFINITY Series Graphics Cards LG Electronics Launches LG xboom Blast Party Speaker Intel Gamer Days 2026 Kicking Off with AAA Gaming Bundle - Partnerships CORSAIR Expands Stream Deck Ecosystem with NIGHTSWORD v2 WIRELESS SD Sharkoon announces Rebel P20 Gen2 PSU

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed

Search form

US Consumers Would Pay $4.4 bln More for Apparel With Additional Import Tariffs in Place

US Consumers Would Pay $4.4 bln More for Apparel With Additional Import Tariffs in Place

Enterprise & IT Jun 22,2019 0

The National Retail Federation (NFR) on Friday urged the Office of the U.S. Trade Representative to avoid 25 percent tariffs on $300 billion in Chinese goods and released a new study examining key product categories and the negative impact on American consumers.

“We support efforts to achieve better trade deals, but American consumers shouldn’t be caught in the crosshairs,” NRF Senior Vice President of Government Relations David French said during testimony prepared for a USTR hearing this afternoon. “It’s time to reevaluate a strategy based solely on tariffs and work with our allies to put international pressure on China.”

“For most of the consumer products on this list, there are very few alternative sources of supply,” French added. “It would be impossible for all market participants in our industry to simultaneously move sourcing to other countries. The capacity does not exist … In the short term, retailers would be forced to continue to use Chinese suppliers and pass on higher costs to their customers – just in time for the holiday shopping season.”

French cited a new report commissioned by NRF and prepared by the Trade Partnership Worldwide projecting that American consumers would pay $4.4 billion more each year for apparel, $2.5 billion more for footwear, $3.7 billion more for toys, and $1.6 billion more for household appliances if the administration proceeds with the additional tariffs. NRF previously released research that found a TV made in China that costs $250 today would cost $308 after tariffs are applied, and that 25 percent tariffs on furniture and travel goods would cost American consumers nearly $6 billion a year.

In addition to French’s oral testimony, NRF submitted comments to USTR detailing the negative economic impact of the proposed tariffs on American businesses, workers and consumers.

Tags: China
Previous Post
Apple Could Bring OLEDs in Laptops and Tablets, Says Report
Next Post
Amazon Granted Patent to Use Drones for Surveillance Service

Related Posts

  • TSMC Does Not Accept New Orders From Huawei: Nikkei

  • Chinese Government Injects $2.2 Billion Into Chip Firm SMIC

  • Goke Microelectronics Introduces the 311C-Y SSD Based on Yangtze Memory's 64-Layer TLC Flash

  • Chinese UOS Operating System Available for Free Download

  • U.S. Wants to Cut Huawei Off From Chip Suppliers

  • FBI and CISA Warn Against Chinese Targeting of COVID-19 Research Organizations

  • China's Mobile Shipments Increased in April

  • China Smartphone Market Posts Largest Decline Ever

Latest News

GIGABYTE Announces the Availability of AORUS GeForce RTX 50 INFINITY Series Graphics Cards
GPUs

GIGABYTE Announces the Availability of AORUS GeForce RTX 50 INFINITY Series Graphics Cards

LG Electronics Launches LG xboom Blast Party Speaker
Consumer Electronics

LG Electronics Launches LG xboom Blast Party Speaker

Intel Gamer Days 2026 Kicking Off with AAA Gaming Bundle - Partnerships
GPUs

Intel Gamer Days 2026 Kicking Off with AAA Gaming Bundle - Partnerships

CORSAIR Expands Stream Deck Ecosystem with NIGHTSWORD v2 WIRELESS SD
PC components

CORSAIR Expands Stream Deck Ecosystem with NIGHTSWORD v2 WIRELESS SD

Sharkoon announces  Rebel P20 Gen2 PSU
PC components

Sharkoon announces Rebel P20 Gen2 PSU

Popular Reviews

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Soft2bet and the unseen hardware that makes instant play possible

Soft2bet and the unseen hardware that makes instant play possible

The Quiet Technology Behind the Spin

The Quiet Technology Behind the Spin

SoundPeats Cove Pro

SoundPeats Cove Pro

Akaso Brave 8 Lite

Akaso Brave 8 Lite

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed