Retail Bankruptcy Looms as Trump Tariffs Persist

The US retail industry is facing a potential collapse, with experts warning of widespread bankruptcies due to persistent trade tariffs implemented under the Trump administration. According to Peter Schiff, these tariffs are primarily impacting Chinese imports, forcing retailers to cut costs and potentially lead to store closures. While economists point to the strong dollar as a positive effect on the US economy, President Trump’s stance remains firm in imposing tariffs, which may trigger a ripple effect across other industries.