NRF的研究称，拟议中的关税将影响服装、玩具、家具、电器、鞋类和旅游用品等消费品类别，特别是影响中国是主要供应商的产品。① According to a study released by the National Retail Federation (NRF) on Monday, if Trump's new import tariff proposals are implemented, American consumers may lose up to 78 billion dollars in spending capacity each year; ② The report says that if import tariffs are implemented, it will further increase the impact on low-income households and further strain their budgets.
Financial Services, November 5 (Editor Bian Chun) -- US consumers could lose up to $78 billion a year in terms of spending capacity if the new import tariff proposals of US Republican presidential candidate Donald Trump are implemented, according to a study released by the American Retail Federation (NRF) on Monday.
Trump proposed a package of 10 to 20 percent tariffs on almost all imported goods, as well as 60 percent or more tariffs on goods from China.
According to the NRF study, the proposed tariffs will affect consumer goods categories such as clothing, toys, furniture, appliances, footwear, and travel goods, particularly products for which China is the main supplier.
The plight of US retailers may worsen
Over the past few years, due to high inflation, consumers have become more frugal and increasingly want to limit spending by curbing non-essential spending, which has hit sales of US retailers and consumer goods companies.
“Retailers rely heavily on imported products and manufactured parts so they can provide customers with a wide range of products at reasonable prices.” Jonathan Gold (Jonathan Gold), NRF's vice president for supply chain and customs policy, said.
The report said that if import tariffs are implemented, they will further exacerbate the impact on low-income households, further strain their budgets, and make it more difficult for them to buy daily necessities.
Although tariffs are paid by US importers, they will inevitably be passed on to American consumers through higher commodity prices, partly because the tariffs are too high for retailers to digest on their own.
Take companies such as Levis and Nike. Some of these companies' products come from countries such as Mexico, and they may have no choice but to pass these costs on to consumers.
Last month, the NRF predicted that US holiday sales from November to December would increase by 3.5% to $989 billion, the lowest level in six years.
