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More on Trade Wars

Touch the Soil News #1046 (Feature photo – Container Ships at the heart of Global Trade – NOAA)

In a press release dated 6/18/2018, the National Retail Federation (NRF) has stepped forward in response to the White House threats of adding tariffs on an additional $200 billion in Chinese goods. NRF CEO Matthew Shay is asking Congress to intervene and exert authority on trade policy.

The NRF sponsored a study earlier this year which found that tariffs of an additional $100 billion would result in the loss of 455,000 jobs. Using this math, tariffs on an additional $200 billion would result in the loss of almost 1 million jobs. What do you think?

You can read the full press release here:

https://nrf.com/media/press-releases/retailers-call-latest-tariff-threat-reckless-escalation-and-ask-congress

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