Tariff math leaves retailers very little choice on prices
By Courtenay Brown, Axios
A spreadsheet making the rounds in Congress illustrates the stark tariff-era math for America’s retailers, leaving them with two options: hike consumer prices or risk a cash crunch that threatens their survival.
Why it matters: The numbers, an illustrative example produced by a footwear trade association, show that many importers of consumers goods from China can’t make the math work, even after the reduction in tariff rates from 145% to 30%.
