COINOTAG News reports on April 2nd that the Retail Industry Leaders Association (RILA) has called on the government to pivot its economic strategies ahead of any impending tariff hikes. The association advocates for the reinvigoration of first-term policies, such as the Tax Cuts and Jobs Act and the United States-Mexico-Canada Agreement (USMCA), highlighting their potential to lower operational costs and foster sustainable growth. Furthermore, RILA emphasizes the necessity of discarding initiatives that could instigate instability for American enterprises and households.
Michael Hanson, leading the public affairs division at RILA, articulated that “Americans are looking for decisive action from the administration to enhance affordability in their lives.” He noted that after enduring prolonged periods of price surges, families are increasingly in need of financial predictability to effectively manage their budgets and future expenses.