[Washington 28th Reuters]-More than 160 business associations such as the US Retail Trade Association and the US Consumer Technology Association are in a letter to President Trump on the 28th, and the tariff increase on Chinese imports planned this year is the price during the holiday season He warned that it could cause a rise and appealed to postpone any increase in additional tariffs on China.
The letter said, “As early as September 1st, the tariff rate will be raised for some products at the worst time in the middle of the busy holiday shopping period.” “The tariffs on some products are as high as 30%, and for many companies, there is no choice but to pass these costs on to consumers. Price increases can hit consumers when shopping during the holiday season. There is.
The US Trade Representative (USTR) approved a plan to raise the tariff rate on Chinese products totaling $ 300 billion presented by President Trump by 5% to 15%. A 15% tariff is activated on some of the target items on September 1, and a 15% tariff is activated on the remaining items including mobile phone terminals on December 15. [nL3N25O3QQ]
In addition, more than 200 shoe-related companies, such as German sports equipment giant Adidas <ADSGn.DE> and US sports shoes retail giant Foot Locker <FL.N>, will cancel additional tariffs on China that will lead to higher retail prices on the same day. I asked President Trump.