Tag: tariffs

NRF Chief Economist Jack Kleinhenz highlights ongoing economic uncertainty driven by tariffs and policy changes, despite solid fundamentals and steady consumer activity.

Core retail sales continued to grow modestly in May despite a decline in overall retail sales and ongoing tariff-related economic uncertainty, supported by wage gains and consumer resilience.

US retailers are rapidly increasing imports through summer 2025 to take advantage of a 90-day tariff pause on Chinese goods, aiming to stock up before back-to-school and holiday seasons amid ongoing trade uncertainty.

The company said it will absorb any additional costs created by tariffs on components integral for manufacturing surveillance cameras and devices, adding that supporting dealers and end users is the highest priority, especially in the face of uncertain economic and market conditions.

Retail sales grew in April as many consumers moved up buying to avoid higher prices expected to come with tariffs, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by the National Retail Federation.

Tariffs on China are disrupting retail supply chains and driving up consumer costs, prompting cutbacks and increased use of buy now, pay later loans.

Retail sales grew modestly in March after two months of declines, driven partly by consumers stocking up ahead of rising tariffs.

Due to new sweeping tariffs, US import cargo at major ports is expected to drop sharply starting next month, with imports predicted to fall by at least 20 percent in the second half of 2025.

Retail spending declined on a monthly basis in February amid concern over tariffs, but continued to grow year over year as the economy remained strong.

"A second Trump administration will not collapse retail, nor will it propel it to dizzy heights," says Global Data Managing Director of Retail Neil Saunders.