We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • ::COVID-19 COVERAGE::
  • INDUSTRY PRESS ROOM
  • ABOUT
  • CONTACT
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
    • Mobile Apps
  • TRANSPORTATION
  • MATERIAL HANDLING
  • TECHNOLOGY
  • LIFT TRUCKS
  • PODCAST ETC
    • Podcast
    • Webcasts
    • Blogs
      • One-Off Sound Off
      • Global Logistics and Risk
      • Empowering Your Performance Edge
      • Analytics & Big Data
      • Submit your blog post
    • Events
    • White Papers
    • Industry Press Room
      • Upload Your News
    • New Products
      • Upload Your Product News
    • Conference Guides
    • Conference Reports
    • Newsletters
    • Mobile Apps
  • DCV-TV
    • DCV-TV 1: News
    • DCV-TV 2: Case Studies
    • DCV-TV 3: Webcasts
    • DCV-TV 4: Viewer Contributed
    • DCV-TV 5: Solution Profiles
    • MODEX 2022
    • Upload Your Video
Home » Industry leaders fed up with tit-for-tat trade war
newsworthy

Industry leaders fed up with tit-for-tat trade war

September 5, 2019
DC Velocity Staff
No Comments

The trade rollercoaster and its effects on the supply chain continued Thursday as the United States and China agreed to hold another round of trade talks in Washington, D.C., in early October.

The announcement, which came on the heels of a new round of tariffs on Chinese goods that took effect September 1, prompted an immediate response from the National Retail Federation (NRF), reiterating its plea for officials to end the trade war that began in January 2018. NRF President and CEO Matthew Shay said the talks are a step in the right direction, and urged administration officials to roll back existing tariffs the group says is hurting businesses and consumers.

"This trade war has gone on far too long, and the harmful consequences for American business and consumers continues to grow," Shay said in a statement Thursday morning. "We are optimistic both sides will come together and make significant progress toward a trade deal that resets US-China trade relations and lifts tariffs on both sides."

Earlier this week, other groups expressed frustration over the tit-for-tat trade war as 15% tariffs were imposed on a partial list of Chinese imports, comprised of consumer goods such as smartwatches, Bluetooth headphones, televisions, and footwear. Tariffs on the remainder of the list are set to take effect December 15 and include even more electronics, along with toys and clothing. The new tariffs followed China's imposition of tariffs on $75 billion of U.S. goods in late August.

In an interview with Fox Business Wednesday, Retail Industry Leaders Association (RILA) Chief Operating Officer Brian Dodge said the newest tariffs threaten to hit the bright side of the economy—consumers—adding costs that affect their expenses and their confidence. He said retailers have done a good job of managing tariffs up until now, but that the newest round creates "unavoidable" cost increases. Like Shay, he says it's time to end the battle.

"We've reached a point in this trade war where we have no choice but to reach some sort of agreeable conclusion," Dodge said in the interview. "The President has assured us that there will be conversations this month, and we will encourage him to recognize the state that we are in now and reach an agreement that resolves these tariffs."

Gary Shapiro, president and CEO of the Consumer Technology Association (CTA), emphasized the uncertainty of the global trade scenario on all aspects of the economy.

" ... this unpredictable tariff policy is forcing us down the wrong economic path," Shapiro said September 1. "Continuous threats of more tariffs and occasional promises that trade talks are progressing mean whiplash for global stock markets. That uncertainty hurts every American with a pension, retirement fund or college savings plan."

Supply Chain Services Publications & Associations Global Logistics Business Management & Finance
KEYWORDS NRF - National Retail Federation Retail Industry Leaders Association
  • Related Articles

    Scrappy export stands up to trade-war headwinds

    MODIFI hires senior leaders from Klarna for Trade Services, and from Tencent for China

    Air freight market sinking under weight of trade war, IATA finds

Recent Articles by DC Velocity Staff

Report: U.S. ports are most expensive for detention and demurrage fees

J.B. Hunt adds 250 new intermodal containers to speed Asia-U.S. lanes

The Rainmakers

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Private equity firm acquires packaging provider Coregistics in e-commerce bet

  • Packaging industry reprioritizes amid inflation, supply chain disruption

  • Trucking industry warns that AB 5 decision could push freight capacity out of California

  • Warehousing's perfect storm

  • Raymond Corp. marks 100th anniversary

Now Playing on DCV-TV

E3f9e6d5 8bd4 40ca 8c7f 43aa63ea3fc9

Lessons from CSCMP’s Annual Report Card for Shippers and Carriers

DCV-TV 4: Viewer Contributed
Recently, the Council of Supply Chain Management Professionals (CSCMP) released their 33rd Annual State of Logistics Report which is created by AT Kearny. I've viewed this as basically a "Report Card" for shippers and carriers since it offers a comprehensive view of what they both have dealt with in the past year,...

FEATURED WHITE PAPERS

  • Breaking Bad: Conducting Full Truckload RFPs in the Age of Digital Freight Procurement

  • Fueling Sustainability for Manufacturers: Strategies to Increase Fuel Efficiency and Reduce Your Carbon Footprint

  • Guide to Proven Warehouse Solutions

  • Five common misconceptions about running a private fleet

View More

Subscribe to DC Velocity Magazine

GET YOUR FREE SUBSCRIPTION
  • SUBSCRIBE
  • NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2022. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing