WASHINGTON – The National Retail Federation today released the following statement from NRF Executive Vice President of Government Relations David French regarding President Donald Trump’s decision to instruct federal agencies to investigate our nation’s trade policies.
“We are pleased with President Trump’s thoughtful decision to initiate a review of current trade policies before implementing significant new tariffs against many of our most important trading partners.
“The United States absolutely needs a review of our trade relationships to be sure that those relationships are structured to achieve fair, balanced and effective outcomes for American workers and businesses.
“Tariffs are taxes paid by Americans, and any new tariff tax increases should be methodically and effectively deployed toward only the most strategic goods. Retailers are committed to working with President Trump and his administration to achieve his campaign promises, including strengthening the U.S. economy, extending his successful Tax Cuts and Jobs Act, and ensuring that American families are protected from high inflation.
“Undertaking a strategic assessment of trade priorities is an important first step, and we look forward to working with the president to see that the resulting policy changes are carefully targeted and create an environment that attracts investment and protects critical industries.
“As the leading authority and voice for retail, NRF will continue to advocate for policies and solutions that will enhance America’s competitiveness, boost domestic investment and create jobs.”
About NRF
The National Retail Federation passionately advocates for the people, brands, policies and ideas that help retail succeed. From its headquarters in Washington, D.C., NRF empowers the industry that powers the economy. Retail is the nation’s largest private-sector employer, contributing $5.3 trillion to annual GDP and supporting more than one in four U.S. jobs — 55 million working Americans. For over a century, NRF has been a voice for every retailer and every retail job, educating, inspiring and communicating the powerful impact retail has on local communities and global economies. nrf.com