The question for US retailers is how much of an increase are consumers willing to consider before they stop spending. Photo: AP

US consumers set to bear burden of Trump’s tariffs as American retailers such as Wal-Mart, Target and Best Buy weigh price hikes

  • Latest tariffs could erase spending power created by last year’s tax cuts, S&P says
  • UBS says levies could reduce sales by US$40 billion this year and lead to closure of 12,000 US stores
Topic |   US-China trade war

TOP PICKS

The question for US retailers is how much of an increase are consumers willing to consider before they stop spending. Photo: AP
READ FULL ARTICLE