Here's how tariffs could affect the price of goods like shoes and sweaters
1. Tariffs may significantly increase consumer prices, especially for apparel. 2. Current 30% tariff could raise sweater and shoe prices by 19%. 3. Proposed 145% tariff may spike prices by 90% for those items. 4. Retailers seek cost mitigation strategies but still face profitability pressures. 5. Retail lobby warns of job losses and GDP impact from tariff costs.