The National Retail Federation sounded alarm bells on growing calls to strip China of its Permanent Normal Trade Relations status with a new study that found consumers would lose $31 billion in spending power, averaging $240 per household, from higher non-PNTR tariffs. These jumps would be on top of existing Section 301 rates. The Estimated Impacts of Changes to China’s Tariff Status whitepaper, conducted by Trade Partnership Worldwide LLC for NRF, show apparel facing a drastic spike in tariff rates, going from 16.1% to 75.7% (along with the 7.2% Section 301 ... Log in to view full article.