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Abercrombie & Fitch Newsroom
Decision analysis: "Tariff Knight" is back! The US dollar is rising, and this mmf is suffering the most. The Federal Reserve's minutes are coming.
On Tuesday (November 26), President-elect Donald Trump of the usa announced that a 25% tariff will be imposed on all imported commodities from Canada and Mexico, with an additional 10% tariff on Chinese goods. As a result, the dollar significantly strengthened, while Asian stock markets gave back some of the gains from the previous trading day.
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Trump's tariffs raise concerns! The National Retail Federation: this could reduce the consumer purchasing power of Americans by $78 billion each year.
① The National Retail Federation reports that the tariffs proposed by Trump could cost usa consumers between 46 billion and 78 billion dollars each year. ② Tariffs will lead to price increases on outfits, toys, furniture, and other products, which will ultimately be passed on to consumers by retailers; ③ Wall Street investment banks have pointed out that the imposition of high tariffs could severely impact economic growth, and retailers may collectively raise prices.
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$Abercrombie & Fitch(ANF.US)$ is scheduled to release its financial results pre-market on November 26 ET. Earnings PreviewAnalysts estimate $Abercrombie & Fitch(ANF.US)$ to post revenue of USD1.18B
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