The US-China trade war has dramatically escalated over the past few days. Retailers like Ralph Lauren and Home Depot could feel the impact.
has escalated dramatically over the past few days as the US and China have imposed fresh tariffs on billions of dollars' worth of each other's goods.
Analysts are calling out the retailers and industries that they expect to be worst hit by the newest round of tariffs. Some retailers have spoken publicly about how they are preparing to weather the storm. And as the retail sector approaches earnings season, this topic is expected to be a focal point of analysts' questions.The US-China trade war reached new levels this week, but the worst is not over yet.
Retailers are now bracing themselves for the prospect of yet more tariffs on $300 billion worth of Chinese goods.Here's who analysts and execs have said could be worst impacted by the new wave of tariffs — and eventually be forced to raise prices:In an earnings call on Tuesday, Ralph Lauren CEO Patrice Louvet said that the company has a large exposure to tariffs.
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