US Retail Giants Ask Trump To Reconsider China Tariffs

A group of US retail giants including Walmart, Target and Costco has asked US President Donald Trump to reconsider imposing tariffs against China, saying they could hurt American families.

The US is preparing to slap annual tariffs worth up to $60bn (£42.7bn) on Chinese imports, according to reports.

The potential tariffs would be against Chinese consumer products, telecommunications and technology.

Some tariff measures could be unveiled as soon as Friday, reports have said.

The group of US retailers wrote to Mr Trump on Monday urging him to carefully consider the impact the tariffs would have on consumer prices and American families.

The letter was organised by the Retail Industry Leaders Association (RILA) and is signed by 25 retail giants.

“This is not American industries crying wolf,” Sandy Kennedy, president of RILA said in a statement.

“Higher tariffs will mean higher costs to businesses and in turn higher prices for American families,” she said. “We must do right by American families, and make sure they are not the ones who will pay for China’s harmful technology practice”