US importers disappointed at White House's plan to continue collecting tariffs: Yahoo Finance

WASHINGTON - US trade groups representing importers expressed disappointment with the White House's plan to leave the Section 301 tariffs imposed by the Trump administration in place, according to an article published on the Yahoo Finance website recently.

The US National Retail Federation said in a statement that US President Joe Biden's trade strategy toward China "will further inflict unnecessary damage to the American economy and retail supply chains. Because these tariffs touch products in nearly every sector of the US economy, they also ultimately force consumers to pay higher prices."

"At a time when industry is struggling with an unprecedented supply chain crisis due to our crumbling infrastructure, economic fallout from a damaging pandemic, and unprecedented freight costs, it is distressing that the administration has chosen to continue to subject US companies to these damaging taxes," said Steve Lamar, president of the American Apparel and Footwear Association.

"It is critical that the administration initiate immediate discussions with China, so we can level the international playing field and bring an end to the global supply chain disruption," said the statement.