Trade

Hundreds of Retailers Oppose Trump’s Upcoming Tariffs

JM Ashby
Written by JM Ashby

Now that the office of the United States Trade Representative (USTR) has turned Trump's higher tariff tweets into official policy, over 350 retailers and business groups are warning that higher prices and job losses are coming.

There will be no way for average American consumers to "escape the harm that comes from these tax increases," they say.

More than 200 U.S. footwear companies on Wednesday said the added 15% duties on shoes would come on top of tariffs that already average 11% and reach 67% on some shoes, boosting costs for consumers by $4 billion every year.

“Imposing tariffs in September on the majority of all footwear products from China - including nearly every type of leather shoe - will make it impossible for hardworking American individuals and families to escape the harm that comes from these tax increases,” the companies wrote in a letter to Trump.

More than 160 other business groups, including the National Retail Federation, Retail Industry Leaders Association and Association of Equipment Manufacturers, also urged Trump to postpone the tariffs, warning they would hit Americans in the middle of the busy holiday shopping season.

With Trump's first tranche of tariffs on $350 billion in Chinese goods just three days away, there's been no sign at all that he's willing to postpone them.

Postpone them beyond what he has already postponed, that is. Trump delayed about half of his upcoming tariffs until December 15th, but that delay is unlikely to assuage anyone.

I'm personally in the market for a new pair of boots to wear this fall and winter so I now expect they will cost a little more. Virtually everyone reading this is probably in the market for something that will now cost more because of Trump's trade war.

  • Draxiar

    Y’know, it’s almost as if the tax cuts made in 2017 to corporation so they could expand and hire more people isn’t going to work…I’m….um…shocked.

  • muselet

    Those manufacturers, retailers and industry groups know they’re going to get absolutely mullered when the latest Trump tariffs hit, so they are, understandably, squawking.

    I would take their protestations more seriously if they were aggressively lobbying Congress instead of just emailing press releases. Still, baby steps.

    I wonder how those same companies and groups which are so terribly concerned on behalf of all of us—their concern for the American consumer is touching, truly it is, but scarcely believable—will justify supporting absolutely every R for absolutely every office come November 2020. Or am I being obstructively cynical?

    –alopecia

    • Nope. You’re being realistic. Sadly.

      • muselet

        I was afraid of that.

        –alopecia

        • I’ve pretty much come to the conclusion that we can get as cynical/depressed as we possibly can, and even then we won’t reach the bottom.

          • muselet

            “No matter how cynical you become, it’s never enough to keep up.” –Lily Tomlin

            –alopecia

          • That was exactly what I was thinking of. Couldn’t remember who originally said it.