The tariffs that have been the centerpiece of U.S. trade policy all year are raising costs for retailers, sending even off-price giants TJX, Ross and Burlington scrambling to maintain their differentiation.
The new duties present a conundrum for the industry. Inflation has settled down, but tariffs are driving up prices on many products. That makes it difficult for retailers to pass on the elevated import costs by increasing prices. And it’s even more complicated for retailers promising good deals.
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