Ending Chinese PNTR would Cost $31 Billion

American consumers could lose $31 billion in spending power if U.S. tariffs are raised on common household products like microwaves and T-shirts imported from China, according to a new report released today by the National Retail Federation. The study, examines how ending the country’s permanent normal trade relations (PNTR) trade status would impact five specific consumer product categories including toys, furniture, apparel, household appliances and footwear

For all of the products reviewed,, very little of the production currently sourced from China can be moved to other countries. Sourcing of products subject to Section 301 tariffs (apparel, footwear, furniture) has already moved to the extent possible. .For other products not yet subject to those tariffs (household appliances, toys), China accounts for most if not nearly all of the supply from international manufacturers partly because efforts to move production are more challenging.