Shopkeepers fear US for Christmas shopping

Shopkeepers fear US for Christmas shopping

World July 6, 2018 16:33

- American retailers are already worried about Christmas shopping because of the import duties on Chinese products. The flaring trade war can also have consequences for consumer products, fears the National Retail Federation. The levies boost prices and reduce the budget for purchases in the end of season.

If President Donald Trump's threat of imposing a further $ 200 billion on Chinese import duties on top of the $ 34 billion of new duties on Chinese imports, then the middle class is a big victim of the trade war, according to the retailers' interests.

'Retailers have already made their purchases for the Christmas period,' says David French of the National Retail Federation. 'If the products have not been imported before the new levies come into effect, this will lead to higher prices, less spending and a stroke for consumer confidence. We are very concerned about this. ''

New import duties could also apply to (sports) shoes, clothing, smartphones and even toys.

Invalid email address. Please fill in again.

Unsubscribe with 1 click

Leave a comment

The HOTRECENTNEWS.com is not responsible for the content of external sites.

SEARCH

Back to Top