Chinese manufacturers are feeling the pinch of President Donald Trump’s tariffs as U.S. retailers continue to slash orders and cut down on price.
US Retailers Prepare for Trade War with China
Major U.S. retailers are bracing themselves as the country prepares for more levies to be slapped on Chinese goods. Home Depot and Walmart, for example, have pushed some planned purchases forward in anticipation of the looming tariffs. Amazon has cut back orders, Dollar Tree has negotiated price concessions and Target claims it has contingency plans in place to stay price competitive, according to The Wall Street Journal.