Retailers Respond to Latest Round of Tariff Threats

By Rob Stott

All had been so calm and quiet on the tariff wars front, right up until this past weekend when President Donald Trump unleashed a short but to-the-point tweet storm that addressed the current situation between the U.S. and China. In short, the countries have been having “productive” negotiations as they work towards a trade agreement. But, according to the president, those negotiations are happening too slowly. As such, Trump said that the new deadline for a deal—which was postponed “indefinitely” back in February—is now this Friday, May 10.

If that deadline comes and goes without a new deal, some $200 billion in goods that currently face a 10 percent tariff will see that rate rise to 25 percent.

https://twitter.com/realDonaldTrump/status/1125069836088950784

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