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Consumers are 'One Step Closer to Feeling the Full Effects of a Trade War'

WASHINGTON — The National Retail Federation on Thursday issued the following statement from President and CEO Matthew Shay in regard to U.S. tariffs on $34 billion of Chinese goods set to take effect Friday.

“With tariffs against China taking effect, American consumers are one step closer to feeling the full effects of a trade war. These tariffs will do nothing to protect U.S. jobs, but they will undermine the benefits of tax reform and drive up prices for a wide range of products as diverse as tool sets, batteries, remote controls, flash drives and thermostats. And students could pay more for the mini-refrigerator they need in their dorm room as they head back to college this fall.

“We strongly urge the administration to abandon its plans for tariffs on another $200 billion in Chinese imports, which...

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