Retailers Expect To “Eat” Latest Tariff Hikes, Not Raise Prices

Using tariffs as geopolitical influencers and industry protections sounds like a great idea. But a recent study out of the University of Wisconsin found that the US tariff codes are regressive and favor the luxury market over the mundane—a handbag made of reptile leather has a tariff rate of 5.3%, while a plastic-sided handbag has a tariff rate of 16%.