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 challenges do small businesses face due to the tariffs?

What potential global impact could the US-China Trade War have according to the text?