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: