If the United States were to impose tariffs on another $300 billion worth of Chinese goods, it would cost U.S. consumers $6.9 billion more for their apparels and footwear, the National Retail Federation said on Friday.
The American designer presented a deeply personal collection at Paris Fashion Week on Thursday, taking inspiration from his Mexican heritage to create looks that oscillated between glam rock and shaman chic.
Mexico on Wednesday became the first country to ratify the United States-Mexico-Canada Agreement (USMCA) agreed last year by the three countries to replace the 25-year-old North American Free Trade Agreement (NAFTA).
U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that eased fears the economy was slowing down sharply in the second quarter.
Walmart Inc, Target Corp and more than 600 other companies urged U.S. President Donald Trump in a letter on Thursday to resolve the trade dispute with China, saying tariffs hurt American businesses and consumers.