US retailers in the spotlight as tariffs on Chinese consumer products kick in
The US government imposes tariffs on the newest list of products on Sunday
01 September 2019 - 18:06
San Francisco — US retailers will be front and centre on Wall Street this week after the US imposed new tariffs on $300bn worth of Chinese imports, including clothing, televisions and jewellery.
The tariffs on Chinese goods will hit consumers more directly than duties already levied against $250bn worth of imports. Retailers are scrambling to cut costs and find ways to minimise the damage to their bottom lines, while Wall Street analysts try to identify those best positioned to weather the taxes...
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