NEW YORK — The Trump administration has escalated its trade war with China by threatening new tariffs that will be levied on almost all products the United States imports from that country. The retail industry, as represented by major trade organizations, has once again voiced dismay with the administration’s trade policy. In May the U.S.
WASHINGTON — The National Retail Federation (NRF) and the Retail Industry Leaders Association (RILA) issued statements on Thursday warning that tariffs meant to punish China for its trade practices would hurt American consumers. The retailer groups urged President Trump to refrain from imposing tariffs as a retaliatory measure against China’s predatory trade practices — which
BENTONVILLE, Ark. — Walmart intends to sell its Yihaodian e-commerce business in China to JD.com Inc., that country’s largest e-commerce retailer by revenue. The deal is part of a strategic partnership between the two companies that meant to boost Walmart’s online sales and in-store traffic in China, while expanding JD.com’s e-commerce business. As part of