The National Retail Federation tonight issued the following statement from President and CEO Matthew Shay after President Trump said he is considering tariffs on an additional $200 billion in Chinese goods if China does not yield to U.S. demands:
“This is just what we predicted – a tit-for-tat trade war has erupted and American families are caught in the middle. Higher prices for everyday essentials and lost jobs threaten to sap the energy out of the strong U.S. economy just as most Americans are starting to enjoy the benefits of historic tax reform. This reckless escalation is the latest reminder that Congress must step in and exert its authority on trade policy.”
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