Trade War Tariffs Won't Ruin The Holidays For Retailers

The video discusses the impact of the Trump administration's tariffs on consumer goods from China, noting a 10% price increase. Despite this, retail sales are expected to grow by 4% this year, with Americans planning to spend more on Christmas gifts. Tariffs have been delayed to avoid affecting the holiday season, but they still pressure the US economy. Many small businesses plan to raise prices due to tariffs, and the US-China trade war could lower global growth to its lowest since the 2008-2009 financial crisis.

What percentage of US imports of consumer goods like clothing and electronics came from China in 2018?

• Over a third

• More than two-thirds

• Less than a quarter

• About half

What is the expected growth rate for retail sales this year according to the National Retail Foundation?

• 2%

• 4%

• 6%

• 8%

Why were the bulk of planned tariffs delayed until December 15th?

• To avoid impacting the holiday shopping season

• To allow retailers to adjust their prices

• To increase government revenue

• To negotiate better trade deals

What action are more than half of the small businesses affected by tariffs planning to take?

• Close down

• Raise their prices

• Lay off employees

• Move production overseas

What potential global impact could the US-China trade war have according to the National Monetary Fund?

• Drag global growth to its lowest point since the 2008-2009 financial crisis

• Boost in international investments

• Stabilization of global markets

• Increase in global trade