This popular retailer could be completely destroyed by tariffs
The "Shop Like a Billionaire" days are over.
As news of President Trump's new tariffs have settled over the United States like a shockwave in the last week, many companies are realizing their operations are about to undergo a major change.
Industries from automotive to retail to tech have responded in different ways. Apple announced it would begin to source iPhones from India instead of China. Audi chose to hold cars shipped to the U.S. in port rather than offload them and have importers pay the 25% tax that has been levied. And Walmart asked some of its Chinese suppliers to consider cutting their costs 10% per round of tariff.
