Retailers Respond to President Trump Tariff Announcement

By [ Michael Hanson ]
Washington, DC
03/03/2025

The Retail Industry Leaders Association (RILA) issued the following statement:

“The American people are counting on President Trump to bring down costs and grow the U.S. economy. Tariffs on Canada and Mexico put those goals in serious jeopardy and risk destabilizing the North American economy. Stacking tariffs on household goods will also raise costs on American families, millions of whom have struggled through the worst bout of inflation in forty years," said Michael Hanson, RILA’s senior executive vice president, public affairs.

"We urge the President and his team to re-consider compounding tariffs, including on our closest allies and trading partners, and focus on an agenda that protects family budgets and promotes growth."

###

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.