Tomorrow could be a big day, let’s talk about it….President Donald Trump’s proposed tariffs on China, Canada, and Mexico could take effect tomorrow, with Chinese goods facing a 10% tariff and Mexican and Canadian goods potentially subject to 25%. Trump confirmed he is moving forward with trade sanctions on China and may include oil.
The proposed tariffs could reshape retail pricing, supply chains, and consumer spending habits. Inflation-weary consumers may react by trading down or delaying purchases, while retailers face tough decisions on absorbing costs or passing them on. The long-term effects depend on whether tariffs remain a negotiating tactic or become a lasting policy shift, but retailers should brace for significant disruptions in sourcing, pricing strategies, and customer demand.
Keep reading with a 7-day free trial
Subscribe to This Week In Retail to keep reading this post and get 7 days of free access to the full post archives.