News

June 13, 2022
NRF urges the repeal on tariffs on goods from China

The result of the Price Index numbers released by the Bureau of Labor Statistics resulted in the National Retail Federation (NRF) requesting the Biden administration to repeal tariffs on goods from China.

“This report showing that rampant inflation continues is one more reason for the administration to move quickly to repeal tariffs,” Matthew Shay, president and CEO for NRF said. “Independent researchers and government agencies agree that ending tariffs is the fastest way to relieve the pressure of higher prices that American businesses, workers and consumers are facing every day. While the Federal Reserve continues with its long-term strategy to stem inflation, we need the administration and Congress to move forward on steps to lower prices that can be taken immediately. Repealing tariffs is one of those steps and one of the most effective and meaningful.”

NRF earlier this week launched an ad campaign calling on the administration to repeal tariffs on goods from China that have cost U.S. importers $136.5 billion since 2018. The tariffs have driven up prices for American consumers, costing the average family more than $1,200 a year.

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. For more information, visit nrf.com.


Tags: , ,


75 Applewood Drive, Suite A
P.O. Box 128
Sparta, MI 49345

616.520.2137

Stationery Trends Winter 2023
Get one year of Stationery Trends in both print and digital editions for only $15.

Interested in reading the print issue of Stationery Trends?

Subscribe Today »