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The National Retail Federation forecasts a 20% decline in U.S. imports in H2 2025 if Trump enacts proposed tariffs, including a universal 10% tariff and 60% tariffs on Chinese goods. This decline is expected to impact various sectors, leading to price hikes, margin compression for retailers, and shifts in global supply chains. The report warns of significant economic repercussions, including potential inflation and lower consumer spending, reminiscent of the 2018-2019 trade war.

Author

shresth1711

Language

EN