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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.
Concerns over Trump's tariffs! They may cause a reduction of 78 billion dollars in consumer purchasing power for people in the usa each year.
A report from NRF shows that if new tariffs are implemented, usa consumers could lose between 46 billion and 78 billion dollars in consumer spending each year, or lose between 362 and 624 dollars per household.
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USA retail trade warns together! Walmart: If Trump raises tariffs, we will have to raise prices.
① As USA's elected president Trump is about to return to the White House, major retail companies, including walmart and lowe's companies, are warning about potential tariff policies; ② Walmart's chief financial officer John David Rainey stated on Tuesday that if the proposed tariffs by Trump go into effect, they may have to raise prices on certain commodities.