Earlier this month, Macy’s CEO Jeff Gennette called the proposed fourth tranche of tariffs “the big one.” It would leave few products and few retailers untouched by steep levies as the Trump Administration tries to renegotiate the country’s economic relationship with China.
Retailers would be affected by degrees by the new duties, but, as the J.P. Morgan analysts noted, “There is nowhere to fully hide, so it’s a relative exposure game.”
