August 1, 2019 / 7:39 PM / 19 days ago

Retail trade group says plan to impose new tariffs will raise prices, hurt jobs

WASHINGTON, Aug 1 (Reuters) - The National Retail Federation, a top U.S. trade group, said President Donald Trump’s threat to impose 10% tariffs on the remaining $300 billion of Chinese imports from Sept. 1, is a flawed strategy that will raise prices and hurt jobs.

“We are disappointed the administration is doubling-down on a flawed tariff strategy that is already slowing U.S. economic growth, creating uncertainty and discouraging investment,” Senior Vice President for Government Relations David French said in a statement.

“These additional tariffs will only threaten U.S. jobs and raise costs for American families on everyday goods.”

Reporting by Nandita Bose in Washington; Editing by Dan Grebler

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