The Trump administration announced earlier this month that it is reducing tariffs on imports from China for 90 days to continue trade negotiations.

“We applaud the U.S. and China for agreeing to a 90-day pause on the 125% reciprocal and retaliatory tariffs. We are encouraged by these constructive negotiations, which provide for a significant de-escalation in the current trade relationship,” said National Retail Federation President and CEO Matthew Shay.

He described the temporary pause as a critical first step to provide short-term relief for retailers and other businesses that are in the midst of ordering merchandise for the winter holiday season.

“And over the long term, this lays the foundation for substantial progress in achieving truly fair and balanced trade relationships with both China and our other trade partners around the world,” Shay said. “We urge the administration and our Chinese trade partners to continue discussions to address the ongoing issues, work to remove the remaining national security tariffs, and provide long-term stability between the two largest global economies.”

Headquartered in Washington, D.C., the National Retail Federation advocates for the people, brands, policies, and ideas that help retail succeed. Retail is the nation’s largest private-sector employer, contributing $5.3 trillion to annual GDP and supporting more than one in four U.S. jobs — 55 million working Americans.

For more than a century, NRF has been a voice for retailers and retail jobs, educating, inspiring, and communicating the impact retail has on local communities and global economies. Visit nrf.com for more information.