Daily News
From Home Furnishing Business
National Retail Federation Applauds Pause on Tariffs with China
May 12,
2025 by Karen Parrish in Business Strategy, Industry 
National Retail Federation President and CEO Matthew Shay said, “We applaud the U.S. and China for agreeing to a 90-day pause on the 125% reciprocal and retaliatory tariffs. We are encouraged by these constructive negotiations, which provide for a significant de-escalation in the current trade relationship."
He continued, “This temporary pause is a critical first step to provide some short-term relief for retailers and other businesses that are in the midst of ordering merchandise for the winter holiday season. And over the long term, this lays the foundation for substantial progress in achieving truly fair and balanced trade relationships with both China and our other trade partners around the world."
“We urge the administration and our Chinese trade partners to continue discussions to address the ongoing issues, work to remove the remaining national security tariffs, and provide long-term stability between the two largest global economies," Shay concluded.