WASHINGTON – The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French in response to United States Trade Representative Katherine Tai’s announcement on the Biden administration’s China trade policy.
“American businesses across the country continue to be severely impacted by the tariffs put into place by the previous administration. Today’s long-awaited announcement proved the Biden administration’s trade strategy on China to be lackluster at most, and will further inflict unnecessary damage to the American economy and retail supply chains.
“The continuation of these harmful tariffs worsens the challenges thousands of retailers must navigate, especially at a time when many are only beginning to emerge from the serious economic damage they have suffered as a result of the global pandemic. Because these tariffs touch products in nearly every sector of the U.S. economy, they also ultimately force consumers to pay higher prices.
“It is critical the administration initiate immediate discussions with China so we can level the international playing field and bring an end to the global supply chain disruption.”
The National Retail Federation, the world’s largest retail trade association, passionately advocates for the people, brands, policies and ideas that help retail thrive. 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 $3.9 trillion to annual GDP and supporting one in four U.S. jobs — 52 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