BUZZ-US retailers fall; China retaliates with 34% import tariffs

Reuters
Yesterday
BUZZ-US retailers fall; China retaliates with 34% import tariffs

** Shares of U.S. retailers fall in early trade

** China retaliates with 34% import tariffs on all U.S. goods in response to "Liberation Day" levies imposed by President Donald Trump on Wednesday

** New tariffs announced by Trump on countries in Asia include Vietnam, Indonesia and China, which are key manufacturing hubs for products such as apparel, home goods and electronics

** Shares of big-box retailers Walmart WMT.N and Target TGT.N down about 2% each

** Shares of home improvement retailers Home Depot HD.N and Lowe's LOW.N down 0.7% each, while online furniture retailer Wayfair W.N down 9.8%

** Shares of toymakers Mattel MAT.N down 4.1%, while Hasbro HAS.O down 5%

** Shares of department stores Kohl's KSS.N and Macy's M.N down 6% and 3%, respectively

** Shares of electronics retailer Best Buy BBY.N down 5.3%

** Shares of Dollar Tree DLTR.N down 3%

** S&P 500 index .SPX down 3.2%, while S&P 500 Consumer Staples index .SPLRCS down 0.4%, and S&P 500 Consumer Discretionary index .SPLRCD down 3.3%

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