WASHINGTON: U.S. retailers and other business groups on Monday welcomed a move by the Trump administration to allow importers to defer for three months any tariff payments they owe the government, but said they needed more tariff relief to deal with the pandemic.
"These are just the customs duties," he said."There’s no change in tariff rates or tariff policy," he said. Steve Lamar, president and CEO of the American Apparel Footwear Association, welcomed the administration's move, but said limiting the goods that qualify for deferral would limit benefits for both U.S. employers and U.S. supply chains."We urge that all goods – including textiles, apparel, footwear, and accessories facing Section 301 tariffs – be covered by this deferral action. Every day we have to pay those duties means another day we can’t pay our workers," Lamar said.
Weeks-long closures were having a"severely acute" impact on retailers, NRF President Matthew Shay said in a statement.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coronavirus relief deal for US small businesses may come Monday: TrumpU.S. Democrats and Republicans are near agreement on approving extra money to help small businesses hurt by the coronavirus pandemic and could ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Coronavirus relief deal for US small businesses may come Monday: TrumpWASHINGTON: US Democrats and Republicans are near agreement on approving extra money to help small businesses hurt by the coronavirus pandemic and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US crude falls below US$15 a barrel, down about 20%SINGAPORE: US crude fell about 20 per cent to below US$15 a barrel on Monday (Apr 20), its lowest level in about two decades, as a ... The oilandgas world is falling flat! Is there anyone worried for millions of people getting impacted by lay-off, and bankruptcy? Environmentalists like GretaThunberg may feel happy, definitely not the millions of hard working Oil men & women who stare at insecure life ahead Will the petrol kiosk in SG drop their pricing? Time to buy that 5L mustang
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US crude falls below US$17 a barrel[SINGAPORE] US crude on Monday fell more than eight per cent to below US$17 a barrel, hitting fresh multi-year lows despite a major deal to cut output as the coronavirus pandemic throttles demand. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US crude falls below US$17 a barrelSINGAPORE: US crude on Monday (Apr 20) fell below US$17 a barrel to fresh multi-year lows as the COVID-19 pandemic throttles global demand, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US burger chain Shake Shack to return US$10 million government loanNEW YORK (REUTERS) - Shake Shack Inc said it will return the small business loan it received from the US government, making it the first major firm to hand back money provided to help businesses ride out the impact of the coronavirus lockdown.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »