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EMTY - The Chinese Tariff Fallout On U.S. Retailers
ProShares Decline of the Retail Store
By Jharonne Martis
This year alone, retailers have discussed Chinese tariffs in 166 earnings calls, and that might just be the beginning. The Chinese government announced its retaliation on Aug. 23, saying tariffs will be imposed on American goods, including apparel, textiles, agriculture and chemicals.
This announcement is weighing on retail stocks globally and continues to fuel a trade war between China and the U.S. And now tariffs are having a deep effect on both countries.
Retailers Booming in China
The retailers reporting Q2 earnings this month have been vocal about their popularity in China.