The quarterly retail figures — the weakest pace in more than a year — underscore consumer caution around spending in the face of economic and tariff uncertainty.
The latest requests for tariffs on products with steel elements came ahead of an October 21 deadline set by the DOC, the second consultation in three months.
President Donald Trump’s return to the White House in January kicked off a rollercoaster year for manufacturers, retailers and other U.S. industries dependent on goods from abroad.
The “mad race” to beat the tariffs, especially on goods from China, loaded up retailer balance sheets earlier this year “more than was comfortable,” says Michael Babbitt of Synovus.
The Swiss government says it was aware of the initiative, but the move may also reflect frustration among businesses after Trump slapped a 39% levy on Switzerland this summer.
The union called on retailers and lawmakers to strengthen worker protections, and for shoppers to “treat workers with dignity and respect every day of the year.”
The latest supply-chain news, analysis, trends and tools for executives in the retail industry — which comprises companies that operate physical or internet stores with diversified product lines. Learn how pharmaceutical and biotech companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
Subscribe to our Daily Newsletter!
Timely, incisive articles delivered directly to your inbox.