The National Retail Federation (NRF) has welcomed the announcement by US President Donald Trump’s administration that it will reduce tariffs on imports from China for 90 days to continue trade negotiations.
“We applaud the US and China for agreeing to a 90-day pause on the 125% reciprocal and retaliatory tariffs. We are encouraged by these constructive negotiations, which provide for a significant de-escalation in the current trade relationship,” said NRF President and CEO, Matthew Shay.
“This temporary pause is a critical first step to provide some short-term relief for retailers and other businesses that are in the midst of ordering merchandise for the winter holiday season.”
Shay said the move laid the foundation for substantial progress in achieving “truly fair and balanced” trade relationships with China and other trade partners around the world.
“We urge the administration and our Chinese trade partners to continue discussions to address the ongoing issues, work to remove the remaining national security tariffs, and provide long-term stability between the two largest global economies.”
The NRF is the nation’s largest private-sector employer, contributing $5.3 trillion to annual GDP and supporting more than one in four US jobs – 55 million working Americans.
