"Tariffs are a tax paid by the U.S. importer that will be passed along to the end consumer. Tariffs will not be paid by foreign countries or suppliers," said David French, executive vice president of government relations at NRF. "Even more so, the immediate implementation of these tariffs is a massive undertaking and requires both advance notice and substantial preparation by the millions of U.S. businesses that will be directly impacted."
Trump sees progress with Vietnam, carmakers as tariff plan takes hold
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“While we support the president’s efforts to reduce trade barriers and imbalances, this scale of undertaking is massive and will be extremely disruptive to our supply chains," French said Thursday.
U.S. retail sales in January plunged along with temperatures after a bustling holiday season
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