CEO DATELINE — Associations react to Trump tariff decision with condemnation, praise
CEO DATELINE — Associations react to Trump tariff decision with condemnation, praise
- August 2, 2019 |
- Walt Williams
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Several associations blasted President Donald Trump's announcement Thursday that his administration will soon impose tariffs on $300 billion on Chinese imports, although at least one group welcomed the news.
Trump's announcement came a day after Chinese and U.S. officials wrapped up two days of talks about a possible trade deal. The president tweeted that U.S. officials thought they had reached deal three months ago, "but sadly, China decided to re-negotiate the deal prior to signing."
Among the groups disappointed in the decision was the National Retail Federation. In a statement, Senior Vice President for Government Relations David French said NRF was "disappointed the administration is doubling-down on a flawed tariff strategy that is already slowing U.S. economic growth, creating uncertainty and discouraging investment."
"The tariffs imposed over the past year haven't worked, and there's no evidence another tax increase on American businesses and consumers will yield new results," he said.
Consumer Technology Association CEO Gary Shapiro said the tariffs are "taxes and bad policy."
"The Trump administration is again taxing the American people in the form of new tariffs on their favorite technology products," Shapiro said in a statement. "Tariffs are taxes paid for by U.S. consumers, not China's government. These retaliatory tariffs are not an effective trade policy and may violate U.S. law."
American Apparel & Footwear Association CEO Rick Helfenbein called the decision "truly shocking."
"The fact that this tweet comes after only one meeting with the Chinese delegation following the resumption of talks is extremely concerning," he said in a statement. "It is time for Congress to step up and take back its authority to manage international trade as outlined under the U.S. Constitution."
One group that praised the announcement was the National Council of Textile Organizations, representing domestic textile manufacturers, which said it has long supported the Trump administration's efforts "to crack down on China's abuse of intellectual property rights" through tariffs.
"China's rampant abuse of intellectual property rights and IP theft has gone on far too long at the direct expense of the U.S. textile industry and its supply chain, resulting in the loss of U.S. manufacturing jobs in this critical sector," NCTO CEO Kim Glas said in a statement.