Reported 19 days ago
As Donald Trump aims for a White House comeback, his proposal of 10% tariffs on all imports and 60% on Chinese imports could significantly impact discount retailers and footwear companies. Analysts warn that businesses like Dollar General and Five Below may need to raise prices due to these tariffs, leading to inflationary pressures and affecting consumer spending. While some retailers are diversifying their supply chains, the reliance on cheaper Chinese manufacturing remains a concern, as increased tariffs could reduce US consumers' purchasing power by up to $78 billion annually.
Source: YAHOO