WASHINGTON — The National Retail Federation issued the following statement from President and CEO Matthew Shay after the announcement that China and the U.S. will hold high-level trade talks in October.
“We are encouraged by the confirmation of US-China trade talks. We urge the administration to end this trade war and come to an agreement that results in a complete roll back of the existing tariffs. This trade war has gone on far too long, and the harmful consequences for American businesses and consumers continue to grow. We are optimistic both sides will come together and make significant progress toward a trade deal that resets US-China trade relations and lifts tariffs on both sides.”
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 $2.6 trillion to annual GDP and supporting one in four U.S. jobs — 42 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.