June 20, 2019 / 8:30 PM / a month ago

Retailers J.C.Penney, Macy's oppose proposed tariffs on apparel, footwear

FILE PHOTO: A J.C. Penney Company Inc. store is pictured at a mall in Langhorne, Pennsylvania, U.S. November 17, 2018. REUTERS/Suzanne Barlyn

(Reuters) - Department store operators J.C. Penney Co Inc and Macy’s Inc have opposed U.S. President Donald Trump’s proposal to include apparel and footwear among the Chinese goods targeted for tariffs.

The companies warned that U.S. consumers would have to pay more as they would not be able to quickly shift sourcing from China for items listed in separate letters dated June 17 and posted online to the U.S Trade Representative.

The retailer listed 26 items, ranging from women’s pullovers to Christmas ornaments, and stressed that women would be hurt disproportionately by the proposed tariffs. It said that

13 items on their priority list were apparels for women and girls.

"For goodness sakes, a tax on Christmas ornaments? One wouldn't think the Administration would seek to emulate the Grinch, who left little Cindy-Lou Who with walls devoid of ornaments and 'nothing but hooks and some wire,'" J.C. Penney said in the letter here

Penney’s rival Macy’s, which listed 63 priority items, said the tariffs on all types of baby garments could hurt new parents.

"It is hard enough for new parents to make ends meet while changing diapers and surviving on a few hours of sleep. Is it really a good idea to impose new taxes on baby clothes?" it said in the letter here

The USTR had on Monday kicked off seven days of testimony from U.S. retailers, manufacturers and other businesses about Trump’s plan to hit another $300 billion worth of Chinese goods with tariffs.

The hearings will end on June 25 and the tariffs will not come into effect until after July 2, when a seven-day final rebuttal comment period ends.

Reporting by Soundarya J in Bengaluru; Editing by Arun Koyyur

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below