Impact on Retail and Consumers
's CFO, , warned that the retailer may have to raise prices on some goods if 's proposed tariffs are implemented, contradicting their "everyday low prices" model.
The National Retail Federation estimates that Trump's tariffs could cost the average U.S. household an extra $7,600 annually, with significant impacts on lower-income families.
Corporate Responses and Preparations
Companies like and have also expressed the inevitability of passing tariff costs onto consumers, highlighting the broad concern across the retail sector.
To mitigate tariff impacts, retailers are diversifying their supply chains and reducing reliance on Chinese imports, with companies like planning to move goods out of China.