China tariffs could force ‘widespread store closures’ and put $40 billion in sales at risk

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The trade war with China could cause prices to rise on everything from toys to clothing, but it also could lead to “widespread store closures,” according to a report by UBS.

“Tariffs could cause over half of this change in one year, rather than four,” Sole wrote, adding this is just publicly traded companies and doesn’t include impact on private companies.

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