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Houston Chronicle: Texas retailers join fight against proposed import tax

By Katherine Blunt

If a border tax was enacted, apparel, autos, furniture and electronics equipment - much of which is imported - would see some of the largest price increases, at least initially, according to a recent analysis by the Wall Street investment bank Goldman Sachs. The National Retail Federation expects the cost of clothing, for example, would rise at least $350 a year for an average consumer.

Walmart, the nation's largest retailer, as well as trade groups such as the U.S. Fashion Industry Association and the Association of Global Automakers, have joined the coalition against the plan, called Americans for Affordable Products.

Click here to read more on the Houston Chronicle website.

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