UBS estimated in May that if the Trump administration adds 25% tariffs to all remaining imports from China, an additional 12,000 stores could close.
President Donald Trump announced new tariffs Thursday on Chinese imports including footwear, apparel, electronics, and other consumer goods. The tariffs could trigger mass store closures. UBS estimated in May that if the Trump administration added 25% tariffs to all remaining imports from China, an additional 12,000 stores could close, sending shockwaves through the industry.
President Donald Trump announced new tariffs Thursday on Chinese imports including footwear, apparel, electronics, and other consumer goods. The tariffs could trigger mass store closures. UBS estimated in May that if the Trump administration added 25% tariffs to all remaining imports from China, an additional 12,000 stores could close, sending shockwaves through the industry.
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