CHINA/TARIFFS/TRUMP AS PRESIDENT: “If the United States does impose tariffs on another $300 billion worth of Chinese goods, it would cost U.S. consumers $12.2 billion more for apparel, footwear, toys and household appliances each year, the National Retail Federation (NRF) said on Friday [6-21-19]. The tariffs would result in consumers paying another $4.4 billion on apparel, $2.5 billion on footwear, $3.7 billion for toys and $1.6 billion for household appliances, the retail trade group said, based on a study it had commissioned…Many retailers including J.C. Penney Co and Macy’s Inc have opposed more tariffs on Chinese goods and warned of higher prices for domestic consumers. Separately, on Friday, the United States Fashion Industry Association (USFIA), which represents brands, retailers, importers and wholesalers based in the United States, estimated that additional tariffs on clothing and home textiles would cost American consumers $4.9 billion per year.”
–Reuters, “Trump China tariffs could cost billions for consumers: retailer study,” Reuters, June 21, 2019 10:18 am