RILA issues tariff statement
“The President’s plan is not a targeted attempt to protect American innovation or national security but will hit every family’s budget.”
“The President’s plan is not a targeted attempt to protect American innovation or national security but will hit every family’s budget.”
“Families want the Trump administration to focus its mandate on policies that lower costs and already have a proven track record to unlock investment and growth.”
Retailers are particularly concerned about a proposed port service fee that could be passed onto cargo owners, adding to supply chain costs.
“We urge extreme caution in the use of tariffs to address unfair trade barriers to ensure that household budgets are not further squeezed by cost increases,” RILA said.
"Tariffs on Canada and Mexico in particular risk destabilizing the North American economy," says RILA's Michael Hanson.