Retail Industry Welcomes Tariff Suspension on Canada and Mexico
The retail industry, the nation's largest private-sector employer, has welcomed the suspension of tariffs on Canada and Mexico. This move, announced by the Trump administration, allows for a month-long reprieve while diplomatic solutions are sought regarding fentanyl trafficking and border security. The National Retail Federation, a long-standing advocate for retailers and retail jobs, supports this decision.
The retail industry contributes a staggering $5.3 trillion to the annual GDP and supports over 55 million jobs. The National Retail Federation, which has been a voice for retailers for over a century, has expressed its support for the suspension. Following the delay, Canadian official Carney, who had a telephone call with Trump in August 2025, urged the continuation of negotiations. He signaled Canada's readiness for further concessions on steel, aluminum, and automobiles, depending on the progress of talks. The retail industry is committed to working with all parties to ensure economic security and opportunity.
The one-month suspension of tariffs on Canada and Mexico provides a window for diplomatic solutions to be explored. The retail industry, a significant contributor to the economy and employment, supports this move. The National Retail Federation encourages continued talks and tangible results, with Canadian officials ready to make further concessions as negotiations progress.
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