In response to President Trump’s announcement that he plans to order new tariffs on steel and aluminum, the National Retail Federation issued the following statement from president and CEO Matthew Shay:
“Make no mistake, this is a tax on American families. When costs of raw materials like steel and aluminum are artificially driven up, all Americans ultimately foot the bill in the form of higher prices for everything from canned goods to electronics and automobiles. The reality is that there is nothing this country will gain from such a one-sided policy. These tariffs threaten to destroy more U.S. jobs than they will create, while sending an alarming signal to our trading partners and diminishing markets for American-made products overseas.”
NRF is the world’s largest retail trade association.
