The President’s latest tweet storm takes aim at Amazon again, doubling down on post office gripes, and driving shares down once more.
The industry sees its much-loved tax cuts slipping away with the strong possibility that new tariffs will hit apparel.
Walmart, Target, Gap and others are urging Trump to “carefully consider” trade actions against China.
A blowhard in the White House means more to react to.
Retailers could be stuck with worse tax write-offs, and related cash-flow problems, for a while.
Industry groups aren’t up for a “trade war” that may well have broad effects.