By  on May 14, 2019

The bloodbath at malls is about to get worse — unless the U.S. and China can resolve their differences fast.

Analysts at investment bank UBS cautioned that President Trump’s proposed new 25 percent tariffs on all Chinese imports that have not yet been targeted, including apparel and footwear, could result in the closure of 12,000 stores and the loss of $40 billion worth of sales.

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