NEW YORK: It may only be July, but Christmas is fast-approaching for US retailers — and the threat of an escalating trade war with China has industries that have so far been spared increasingly worried their goods will be next on the naughty list.
President Donald Trump’s threat to slap tariffs on at least another US$200bil in goods from China – on top of the US$34 billion that went into effect yesterday – are ramping up fears that the all-important holiday-shopping season will be a casualty in the battle with America’s largest trading partner.