Retailers, Already Planning For The 2019 Holidays, Expected To Get Whacked By Tariffs
Tariffs in the U.S. have increased to 25% from 10% on $200 billion worth of Chinese goods, including on things most American shoppers buy for their homes, like furniture and electronics. And that’s expected to leave retailers, many of which are already planning for the 2019 holiday season, in a crunch, scrambling to make purchase orders, set prices and even make crucial staffing decisions — all amid the uncertainty of additional tariffs going into effect. Those burdens could then be passed on to consumers. Mass merchants including Home Depot, Lowe’s, Best Buy, Dollar Tree and Tractor Supply are believed by retail analysts to be most negatively impacted by the latest round of tariffs, which hits furniture more than anything else in the industry. Read more at CNBC.
