久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / China US trade tensions

Trade tensions cast gloom over US holiday shopping season

Xinhua | Updated: 2019-12-03 09:29
Share
Share - WeChat
Holiday shoppers take part in early Black Friday shopping deals at the Old Navy store on the Thanksgiving holiday in Times Square in New York, Nov 28, 2019. [Photo/Agencies]

WASHINGTON - The holiday shopping season is traditionally considered a time full of joy and cheer for both US retailers and consumers. But as this year's holiday shopping season kicked off on Thanksgiving, the mood is a bit mixed.

Retailers, especially small ones, have been struggling to deal with the additional US tariffs on Chinese imports, while consumers, who crave a bargain, are worried about potential price increases in the future.

Holiday shopping season usually refers to the period between Thanksgiving and Christmas, and some define it as the whole months of November and December. The National Retail Federation said holiday sales represent about 20 percent of annual retail sales each year, but the figure can be as high as 30 percent for some retailers, such as hobby, toy and game stores.

Retailers reported higher costs from tariffs and firms generally expected higher prices going forward, but their ability to raise prices to cover higher costs "remained limited," according to the US Federal Reserve's latest survey on economic conditions, known as the Beige Book.

In the Cleveland Fed district, a clothing retailer reduced the use of price discounting to offset higher costs resulting from tariffs. A food retailer said that even though tariffs had increased costs, the company "cannot raise prices on a whim" because of fierce competition.

Retailers' reluctance to raise prices is evident to consumers such as Kelsey Burhan and Sloane Smith, who said that they haven't noticed any price change for the same stores they usually shop.

"I think it's a good discount. I feel like it's about the same with last year," said Burhan, who planned to purchase some purses at Kate Spade and clothes at American Eagle.

For Kumar Kincun, who has been coming to the outlets on Thanksgiving for the past nine years, this year is certainly different. Despite generally stable prices at this moment, Kincun said he is "definitely" concerned about the additional tariffs resulting from the US-China trade tensions.

"The tariffs would impact the price, it will. It goes gradually up, I think that's what is happening," Kincun said. He said he would purchase more products, including Christmas gifts, early in the holiday season to avoid higher prices later on.

Despite strong opposition, the US government imposed 15-percent additional tariffs on some $110 billion worth of Chinese imports, effective on Sept 1, covering a wide range of consumer goods including clothing, footwear, food and books. The United States also threatened to levy additional tariffs on other Chinese products including toys and electronics.

According to the Fed survey, companies affected by the tariffs were more inclined to pass on cost increases. Business contacts in the Chicago Fed district reported that retail prices "increased modestly" and they expected prices to "rise at a somewhat faster pace" over the next 12 months.

"One contact said that food, home goods, and apparel retailers were struggling to pass on higher costs; in contrast, another contact noted that retailers continued to raise prices to reflect higher potential and realized tariffs," the survey said.

In September alone, US businesses and consumers paid $7.1 billion in tariffs, up 59 percent year-on-year, said US anti-tariff advocacy group Tariffs Hurt the Heartland, which noted that the "significant increase" was primarily driven by tariffs implemented by the current US administration.

Kincun, the consumer, voiced hope that the United States and China can work out a trade deal in the near future. "It does not only impact China and the US, it impacts everyone else as well, because both of them are pretty big countries with big economies, so it impacts the world economy," he said.

On the ongoing US-China trade negotiations, Portaro said he is cautiously optimistic. "We are very encouraged that the tariffs have come to a standstill and hopeful that this will soon come to an end," said the startup co-founder.

A potential phase-one deal would have a positive effect on his business and on the industry as well, according to Portaro. "We anxiously hope that both sides can come to an agreement," he said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 手机免费看毛片 | 亚洲精品456在线播放无广告 | 国产一区二区三区免费在线视频 | 国内精品久久久久影院老司 | 欧美精品久久久久久久免费观看 | 欧美一级大片免费观看 | 亚洲高清国产品国语在线观看 | 国产一区免费在线观看 | 97国内免费久久久久久久久久 | 911精品国产亚洲日本美国韩国 | 久久久国产免费影院 | 2021国产精品一区二区在线 | 久久99综合国产精品亚洲首页 | 特级aa一级欧美毛片 | 深夜国产 | 国产视频在线免费观看 | 欧美日韩无 | 男女性关系视频免费观看软件 | 久久久一区二区三区不卡 | 国产性较精品视频免费 | 成人在线免费观看视频 | 欧美日比视频 | 午夜亚洲国产成人不卡在线 | 成年人毛片网站 | 国产成人精品日本亚洲网址 | 久久国产香蕉 | 亚洲精品欧洲久久婷婷99 | 免费一级欧美大片在线观看 | 亚洲午夜精品在线 | 91精品国产高清久久久久久io | 国产91会所洗浴女技师按摩 | 操操综合网 | 草草影院视频 | 99精品久久久久久久免费看蜜月 | 亚洲无线一二三区2021 | 欧美国产日本精品一区二区三区 | 日本a级三级三级三级久久 日本a级特黄三级三级三级 | 美日韩一区二区三区 | 国产人成午夜免费噼啪视频 | 成人永久免费视频网站在线观看 | 亚洲欧美日韩国产制服另类 |