Monday, July 9, 2018

Trade War Already Threatens to Ruin Christmas for Retailers

Bloomberg
It may only be July, but Christmas is fast-approaching for U.S. retailers -- and the threat of an escalating trade war with China has industries that have so far been spared increasingly worried their goods will be next on the naughty list.

President Donald Trump’s threat to slap tariffs on at least another $200 billion in goods from China -- on top of the $34 billion that went into effect on Friday -- are ramping up fears that the all-important holiday-shopping season will be a casualty in the battle with America’s largest trading partner.. . . more