Major Retailers Say Chinese Tariffs Would Hurt American Consumers
Wal-Mart, Macy's, Target and 23 other retailers and apparel brands sent a letter March 19 to the White House asking that broadly applied tariffs not be part of the Section 301 solution to Chinese intellectual property theft and investment restrictions.…
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"Families shopping in our stores pay higher prices because America already levies import taxes as much as 32 and 67 percent on basic clothes and shoes," the companies said in the letter. "Applying any additional broad-based tariff as part of a Section 301 action would worsen this inequity and punish American working families with higher prices on household basics like clothing, shoes, electronics, and home goods.... As you continue to investigate harmful technology and intellectual property practices, we ask that any remedy carefully consider the impact on consumer prices."