
Breaking down the potential impact of tariffs
A hallmark of President-elect Donald Trump’s reelection campaign was a proposed increase in tariffs on goods coming into the United States. He proposed an increase of 10% to 20% on all foreign countries, with an additional 60% to 100% tariff on imported products from China. The National Retail Federation (NRF) commissioned a study to determine how increased tariffs will impact the cost of imported goods in six categories: Clothing, footwear, toys, furniture, household appliances, and travel goods. The study found that American consumers could lose between $46 billion and $78








