Macy's attempted to raise prices on products such as luggage and furniture earlier in 2019, after those items faced tariffs. But shoppers didn't respond kindly, forcing Macy's to adjust its strategy, Gennette previously said.
The American consumer has, for the most part, continued to show strength amid a global economic slowdown, despite the long-running trade war between the world's two largest economies.its largest monthly declineIf retailers don't accept price increases out of fear of hurting consumers, Kaminstein said another response is to try negotiating down costs with suppliers in China.
But if neither happen, Kaiminstein said Casebella, which employs around 500 people, will "have to make some tough decisions," he said.A second round of tariffs — in addition to Sunday's 15% duties —is scheduled to go into place Dec. 15 on goods such as smartphones and laptops. They would collectively impact about $300 billion worth of Chinese imports.
Trump also has threatened to increase the rate of tariffs on about $250 billion of goods to 30% from 25% on Oct. 1.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks mixed after US, China impose new tariff hikesMost Asian markets fell on Monday as fresh Chinese and US tariffs on goods worth hundreds of billions of dollars kicked in.
Source: trtworld - 🏆 101. / 63 Read more »
Stocks drop to begin September amid new US-China tariffs, weak US manufacturing dataThe stock market finished in the red on the first trading day of September. The Dow dropped by 283 points as new China tariffs took effect this weekend and weak U.S. manufacturing data was reported. The S&P 500 lost 0.7% while the Nasdaq fell 1.1%. LittleDonnie was a BAD BOY to play with the grown-up Mr Obama's Bull Market and bweak it. Why r leaders allowing Brokeahontas realDonaldTrump 2 lie his tariff war working & US has $$ gained? Trump inherited strong market & economy from BarackObama but he’s destroying it.. deficit growing & farmers suffering! crampell business kevtibs DNC
Source: CNBC - 🏆 12. / 72 Read more »
Some Companies Offer a New Benefit: Payroll Advances and LoansMore companies are helping workers gain access to payroll advances and loans, reflecting concern over the impact money problems are having on productivity levels and worker retention. Phucking lybz wanna add Communism to that. Think about that level of crazy. Sound like a shark looking for victims. Why can t they pay good wage then there would be not. A problem to survive or you could just, you know, pay them a livable wage.
Source: WSJ - 🏆 98. / 63 Read more »