The news that the Trump administration plans to move forward with an additional 10% tariff on $200 billion worth of Chinese goods by Sept. 24 is being heavily criticized by retailers.
The National Retail Federation increased its retail sales forecast for 2018, citing tax reform and other positive economic indicators. But the positive news came with a warning.
The Trump administration’s plant to impose a 25% tariff on another $16 billion worth of imports from China starting Aug. 23 drew an immediate reaction from a leading retail organization.