0921 ET - The shares of many retailers, including Gap, Macy's, Walmart and Target, fall in pre-market trading, following the announcement of President Trump's latest round of tariffs. The tariffs heavily penalize goods imported from Asia, where many retailers manufacture and source their products. Citi analyst Paul Lejuez said the tariffs were much worse than feared particularly on retail manufacturing hubs such as China, Vietnam, Indonesia, Cambodia, India and Bangladesh. Analysts expect retail profit margins to suffer as a result. They assume retailers won't be able to pass enough price increases onto consumers or win enough concessions from suppliers to cover the rising costs. (suzanne.kapner@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 09:21 ET (13:21 GMT)
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