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Trump's Tariff Proposals Spark Retailer Concerns. What Comes After the Election. -- Barrons.com
How does Trump's tariff plan affect the situation? Study: American consumers' purchasing power may evaporate by $78 billion each year.
①A study released on Monday by the National Retail Federation (NRF) shows that if Trump's new tariff proposal is implemented, American consumers could potentially lose up to $78 billion in purchasing power annually. ② The report states that if import tariffs are implemented, it will further exacerbate the impact on low-income families, making their budgets even tighter.
