Tariffs Threaten 2025 Holiday Sales With Higher Prices, Job Cuts

Imports are costing more and reducing profitabiity for many companies. gettyU.S. tariffs are taking a toll on U.S. business, according to a survey of senior executives released yesterday by KPMG. About one in three report declining or deferred sales tied to tariffs while nearly all (97%) say they’ve seen no sales increase at all. Almost 40% report shrinking gross margins. The harm isn’t limited to imports. Other countries’ retaliatory tariffs hurting U.S. exports with a majority of companies reporting sales ...