
The US imposed tariffs against China on Friday, which retaliated with tariffs of its own.
The fallout is of concern to retailers of all sizes. The
National Retail Federation has been weighing in on the issue, urging restraint. On Thursday, it issued a statement from NRF CEO Matthew Shay regarding the US tariffs on $34 billion of Chinese goods set to take effect today:
"With tariffs against China taking effect, American consumers are one step closer to feeling the full effects of a trade war. These tariffs will do nothing to protect U.S. jobs, but they will undermine the benefits of tax reform and drive up prices for a wide range of products as diverse as tool sets, batteries, remote controls, flash drives and thermostats. And students could pay more for the mini-refrigerator they need in their dorm room as they head back to college this fall.
"We strongly urge the administration to abandon its plans for tariffs on another $200 billion in Chinese imports, which would destroy thousands of American jobs and raise prices on virtually everything sold in our stores. Reining in China's abusive trade policies is a goal shared by many countries, but a strategy based on unilateral tariffs is the wrong approach and it has to stop."
Small
sellers on eBay are also discussing the issue, responding to a thread started in March with the title, "Will Tarrifs on China affect anything on eBay?"
"Those being undercut by Chinese sellers here might see some relief eventually. It's definitely a wait and see sort of thing," one seller said.
Another seller said they didn't know how tariffs would impact US sellers, but called for shipping-rate parity, referring to the impact of Terminal Dues that makes it cheaper to ship to US shoppers from certain countries than it costs US sellers.
Another poster said US sellers would face higher costs if they sell Chinese-made goods, since they'd have to pay more when importing them.
Amazon sellers are also wondering how tariffs could impact them. In a
thread started 3 weeks ago, some sellers pointed out that even products made in the US may be made from materials sourced from overseas.
One seller pointed out that exporters of US-made goods might be impacted through retaliatory tariffs.
Curious about the products affected by new tariffs? CNN listed the items impacted on both sides in
this story.