Finanzas: Retail Federation Watching for Donald Trump»s Trade Policy

 

The National Retail Federation is keeping a close eye on how President-elect Donald Trump might alter cross-border trade, tax policy and labor laws.

«The retail supply chain is a thoroughly global supply chain,» said David French, senior vice president of government relations at the NRF on Wednesday. «Anything that threatens two-way trade can hurt retail and consumers,» Mr. French said.

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LEA TAMBIÉN: Finanzas: Colgate-Palmolive Is Rolling Over

The overtime rule, which raised the annual wage threshold at which employers must play overtime to $47,476, goes into effect Dec. 1. Already, Wal-Mart Stores Inc. has made changes to salaries to avoid paying more overtime. In September it raised starting salaries for store management from $45,000 to $48,500 annually ahead of the Dec. 1 regulatory shift. The NRF is currently challenging parts of the law in court, said Mr. French.

Ahead of the all-important holiday shopping season, Mr. French said it is unclear how the results could impact consumer sentiment and spending. «This morning there are a lot of people who woke up very surprised,» he said. «The divisions in the country are going to be hard to heal.»

Fuente: Nasdaq


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