The nation’s leading retail associations were quick to respond to the Trump administration’s announcement on Friday that it plan to move forward and impose a 25% tariff on up to $50 billion of imported Chinese goods.
It’s said that retail follows rooftops, so expansion-minded retailers might want to set their sights on Hawaii, Wisconsin, Kansas, and Washington, according to a report from Experian.
The Trump administration’s proposed tariffs on $50 billion of Chinese imports, coupled with retaliation promised by China, would take a big toll on the U.S. economy.