Americans Cannot Afford Another Round of Price Increases
Latest tariffs will put a dent in American family budgets
- By [ Michael Hanson ]
- Washington, DC
- 04/02/2025
“The American people are counting on President Trump to grow the U.S. economy and end inflation. Unfortunately, the President’s plan for universal tariffs on household goods – including clothing, groceries, home goods and school supplies – will raise costs on every American family. The President’s plan is not a targeted attempt to protect American innovation or national security but will hit every family’s budget. Americans cannot afford another round of price increases,” said RILA Senior Executive Vice President, Public Affairs Michael Hanson.
“These newly announced tariffs — and the expected retaliatory tariffs on American businesses — risk destabilizing the U.S. economy, undermining the goals of bolstering domestic manufacturing and growth. We urge the President and his economic team not to abandon the pro-growth policies that powered his first term — namely the Tax Cut and Jobs Act. Before lasting damage is done to the economy and family budgets, we urge the White House to reconsider its course.”
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RILA is the US trade association for leading retailers. We convene decision-makers, advocate for the industry, and promote operational excellence and innovation. Our aim is to elevate a dynamic industry by transforming the environment in which retailers operate.
RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $2.7 trillion in annual sales, millions of American jobs, and hundreds of thousands of stores, manufacturing facilities, and distribution centers domestically and abroad.
Tags
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Public Policy
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China Trade Tariffs
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International Trade
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Keeping Supply Chains Open & Resilient
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Supply Chain
