Takeaways
- Tariffs are expected to negatively impact the economy and personal finances.
- Consumers are largely negative about the effects of tariffs.
- 61% of US consumers believe that tariffs will lead to higher prices.
- Retailers are diversifying their sourcing to mitigate tariff risks.
- The closure of the "de minimis" loophole poses a threat to cross-border retailers.
- Companies such as Temu are subsidized to maintain competitive pricing.
- Retailers are pulling forward inventory to avoid tariffs.
- The toy industry is particularly vulnerable to tariff impacts.
- Shein and Temu are adapting their business models to remain competitive.
- Overall sentiment toward tariffs is predominantly negative among US consumers.
Chapters
00:00 This Week in Research: New Reports and Data
02:28 Focus on China Tariffs and Their Implications
06:20 Consumer Sentiment Regarding Tariffs
08:39 Retailers' Perspectives on Tariffs and Strategies
Read more on how the new tariffs are impacting consumer sentiment and the retail market.
