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U.S. retailers are reporting Q1 2019 earning, and are already warning about tariffs in a possible U.S.-China trade war. Macy's ([[M]]) called it "a dynamic situation," right at the beginning of its earnings call. The tariffs enacted in 2018 were already baked into Macy's 2019 guidance and had no meaningful impact. However, 2019 could be a different story, and guidance could be affected after Macy's assesses the possible risks. Still, the company said it is working with its manufacturing and brand partners to minimize the impact on shoppers. Like Macy's, other retailers