The President’s inclusion of Mexico into the trade war, especially on a scaling up basis, will have a wide breath impact across the United States, including consumers and businesses. This, on top of the escalation in the trade war with China (which may end up including tariffs on retail items such as clothing and shoes) will start to impact more people than it has previously.
I’m particularly looking at retail stores, such as Macy’s, JCpennys, Nordstrom, TJmaxx and more. I also have my eye on shoe companies, such as Nike, Foot Locker, and Under Armour, which produce products in China. Higher tariffs mean higher costs for consumers, so be on the look out for what could hit your wallet.
Check out my recent segment on Boom Bust above for a more in-depth analysis now that Mexico’s in the tariff mix. You can also follow this link for the video.