US retailers: Trump’s ‘tariff environment is manageable’ so far

Published August 14, 2018 9:34pm ET



U.S. retailers specializing in home appliances, luxury apparel and auto parts say tariffs imposed by President Trump in widening international trade disputes haven’t hurt their earnings much so far.

Some of the harshest duties have yet to take effect, though: Potential levies on another $416 billion of Chinese imports and 25 percent duties on cars and vehicle components. The tariffs already in force include duties of 25 percent on steel imports and 10 percent on aluminum, 25 percent on $34 billion of goods from China, and up to 50 percent on washing machines.

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