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US industry leader on tariffs: ‘Prices will go up, sales will go down, jobs will be lost’

August 24, 2018

Via: CNBC

U.S. tariffs on Chinese imports will simply mean that American consumers have to pay higher prices for products down the road, an industry association leader said on Friday.

“We’re having some serious problems with this tariffs situation,” said Rick Helfenbein, president and CEO at the American Apparel and Footwear Association.

“This is disruptive to our supply chains, this is hurtful to our business,” he added.

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