LINE

    Text:AAAPrint
    Economy

    Retail shoppers worry about specter of tariffs

    1
    2018-03-25 15:33China Daily Editor: Mo Hong'e ECNS App Download
    A customer selects clothes at a retail shop in New York. (Photo by Zhang Ruinan/China Daily)

    A customer selects clothes at a retail shop in New York. (Photo by Zhang Ruinan/China Daily)

    As U.S. President Donald Trump signed a memo on Thursday that could lead to tariffs on up to $60 billion worth of goods imported from China, many in the U.S. are gauging what the impact will be.

    Before Thursday's announcement, China Daily spoke to shoppers in the Washington area.

    Major U.S. retail stores such as Macy's, Target, Walmart and Best Buy are concerned about the impact the tariffs could have on their bottom lines, said Rick Helfenbein, president and CEO of the American Apparel& Footwear Association.

    The tariffs could also affect American working families as a hidden tax, he said.

    The current trade relationship between the U.S. and China has already had an impact. On Thursday, Best Buy, the largest electronics retailer in the U.S., announced that it would no longer sell smartphones from China's Huawei Technologies Co Ltd.

    Huawei, the third-largest smartphone vendor in the world behind Apple and Samsung, had been expected to announce a partnership with AT&T during the International Consumer Electronics Show (CES) in Las Vegas in January to sell its Mate 10 Pro phone, but AT&T reportedly backed out because of U.S. political pressure, cnet.com reported.

    Verizon also shelved plans to sell Huawei phones.

    Huawei CEO Richard Yu, during a speech at the CES, said it was "a bigger blow to consumers" who could have had an alternative to an Android phone, cnet.com reported.

    Jose Ferman, a Macy's furniture sales representative, said that most of the items in the home section of his store are made in China.

    "Everything is made in China, even a plastic cup," Ferman said. "If you make ... it more expensive (through tariffs), then all of our things will be too expensive. So we will end up taking too much money from the consumer's pocket. We cannot afford it."

    He said that tariffs could put economic pressure on people in a city where the minimum wage is $12 per hour.

    Dianne, who asked to be identified only by her first name, is a retired teacher who said she likes to shop at Macy's. "I am personally against it," she said in regard to the tariffs, "because I think we should have open trade. I think in the long run the tariffs will do more harm to the U.S. economy."

    Dianne said cost is a factor in her purchasing, adding that "he (Trump) needs to get out and see how the U.S. is involved in the world. We are a global market now. Not everything can be produced in the U.S.."

    "I don't know the dynamics of the trade war. I heard him (Trump) saying it's good, but I don't see how it is good for tourists visiting Washington," said Dexter Morse, manager of the Washington Welcome Center, which sells souvenirs.

    Morse said that at least 80 percent of the store's products were made in China, including T-shirts, mugs, caps and pens.

    Yian Ke and Guo Fengqing in Washington and Heng Weili in New York contributed to this story.

      

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 衡东县| 通河县| 中牟县| 岳普湖县| 惠水县| 平邑县| 徐水县| 溧水县| 许昌市| 柳州市| 恩平市| 贡觉县| 蒙自县| 大新县| 岑溪市| 恩施市| 图们市| 庆元县| 天镇县| 宣化县| 沾益县| 利川市| 丰城市| 韶关市| 余姚市| 阿拉尔市| 榆林市| 潜山县| 潼关县| 隆回县| 柯坪县| 乐平市| 山阳县| 壶关县| 三门县| 琼海市| 龙门县| 随州市| 开封县| 枣庄市| 上犹县|