Tariff hike on Chinese imports likely to hurt average consumer, says RILA

Latest Tariffs a Problem for Consumers

While various consultancies and advisory firms are suggesting ways for logistics managers to cope with new trade tensions with China, the Retail Industry Leaders Association (RILA) says President Trump’s announcement imposing a 10% tariff on $300 billion worth of imports next month may be an even bigger problem for consumers.

“The list of products these tariffs will hit are almost entirely consumer-oriented,” said Hun Quach, RILA vice president of international trade. “This new 10% tariff on Chinese imports is a direct hit on consumer products and family budgets, plain and simple.”

She further stated that the list of products these tariffs will hit are almost entirely targeted to the average American.

“Tariffs are taxes on American consumers. And if these tariffs happen, American consumers will bear the brunt of these tactics via higher prices on everyday items like clothing, toys, home goods, and electronics.”

Families shouldn’t be “a pawn” in this trade war, she added, stating that this Administration must find a path forward what results in a fair agreement.

Quach concludes that the president's announcement “only moves us closer to consumers bearing the brunt of the pain.”

Retailers: Latest Tariff News Puts Consumers in Crosshairs

The Retail Industry Leaders Association (RILA) issued the following statement from Hun Quach, RILA vice president of international trade, in response to President Trump’s announcement imposing a 10% tariff on $300 billion worth of Chinese imports. set to take effect on Sept. 1:

“The list of products these tariffs will hit are almost entirely consumer-oriented. This new 10% tariff on Chinese imports is a direct hit on consumer products and family budgets, plain and simple.”

“Tariffs are taxes on American consumers. And if these tariffs happen, American consumers will bear the brunt of these tactics via higher prices on everyday items like clothing, toys, home goods, and electronics.”

“American families shouldn’t be a pawn in this trade war. Retailers, consumers, and American workers need this Administration to find a path forward that results in a fair agreement. Today’s announcement only moves us closer to consumers bearing the brunt of the pain.”

RILA is the US trade association for leading retailers. We convene decision-makers, advocate for the industry, and promote operational excellence and innovation. Our aim is to elevate a dynamic industry by transforming the environment in which retailers operate.

RILA on CNBC: Consumers will bear brunt of tariffs

RILA COO Brian Dodge joins CNBC to talk the latest tariff news.