With retail sales continuing to grow despite tariff worries, imports at the nation’s major retail container ports are expected to remain strong this month after setting three new records this summer, according to the monthly Global Port Tracker report released by NRF and Hackett Associates.
NRF and 150 other organizations have submitted comments on proposed tariffs on $200 billion of Chinese imports, urging the administration to avoid further escalation with China and warning of the negative impact of tariffs on American businesses, families and workers.
July retail sales were up 0.4 percent from June and 4.9 percent year-over-year, giving the industry a solid kickoff for the third quarter and backing up NRF's revised forecast that sales will grow at least 4.5 percent for the year.
With retail sales rising and retailers rushing to bring merchandise into the country ahead of proposed new tariffs on products from China, imports at the naiton's major retail container ports have set two new records this summer and are expected to set another this month, according to NRF's Global Port Tracker report.
The National Retail Federation today issued a statement from President and CEO Matthew Shay following reports that the administration will propose tariffs of 25 percent rather than 10 percent on $200 billion in goods from China.
The National Retail Federation and more than 50 organizations representing U.S. retailers, manufacturers, farmers, agribusinesses, technology companies and other industries today submitted comments to U.S. Trade Representative Robert Lighthizer on the administration’s proposed tariffs on $16 billion of Chinese imports.
The National Retail Federation issued the following statement from President and CEO Matthew Shay after the Senate approved a “motion to instruct” related to congressional approval of national-security designated tariffs.
The National Retail Federation issued the following statement from Senior Vice President for Government Relations David French after the Office of the U.S. Trade Representative released a list of $200 billion of Chinese imports to be subject to new tariffs.
Driven by increasing consumer demand and rising retail sales, imports at the nation’s major retail container ports are expected to set a new record this month even though new tariffs on goods from China just took effect, according to the Global Port Tracker from NRF and Hackett Associates.