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NRF Responds to Trump Administration Reciprocal Tariff Plan
February 13,
2025 by Karen Parrish in Business Strategy, Industry 
National Retail Federation Executive Vice President of Government Relations David French makes statement regarding the Trump administration’s plan to impose reciprocal tariffs on all trading partners, “While we support the president’s efforts to reduce trade barriers and imbalances, this scale of undertaking is massive and will be extremely disruptive to our supply chains."
French continues, "It will likely result in higher prices for hardworking American families and will erode household spending power. We encourage the president to seek coordination and collaboration with our trading partners and bring stability to our supply chains and family budgets."
“The University of Michigan monthly consumer sentiment index continues to decline, suggesting consumers are alarmed about trade war uncertainty.”