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Trump Tariffs Erode US Retail Profits, Trigger Price Hikes and $3,800 Household Losses

WebProNews Sunday, 3 August 2025 ()
U.S. retail profits are eroding due to 2025 Trump tariffs, with 75% of firms reporting losses from higher import costs on goods like apparel and electronics. Studies predict 2.3% price hikes, $3,800 annual household losses, and reduced GDP growth. Retailers must adapt supply chains to survive ongoing trade volatility.
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