Trump's Tariffs Threaten Retailers

This is a China news story, published by CBS News, that relates primarily to NRF news.

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tariffs

CBS News

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Trump's win could spur retailers to push up prices. Here's why.

Summary

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89% Informative

Americans stand to lose between $46 billion and $78 billion in spending power each year , NRF says.

Retailers that depend on foreign suppliers are prepared to pass along the cost of new tariffs.

Trump has said he plans to impose 60% tax on goods from China and a 10% to 20% fee on all of the $3 trillion in foreign goods the U.S. imports annually .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

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Offensive language

not offensive

Hate speech

not hateful