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Stock impact report

Trump tariffs will lead to abandoned freight at ports as cash-strapped businesses reject orders [MSNBC.com]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: MSNBC.com
In this articlewatch nowVIDEO7:3207:32Tariffs will dramatically impact the marketplace, says Casabella founder Bruce KaminsteinNews VideosBusinesses both large and small tell CNBC that the latest round ofPresident Donald Trump's tariffsRick Muskat, president of the family-owned shoe retailer Deer Stags, which imports around two million shoes a year — with about 98% of their men's and boy's shoes made in China and sold in Macy's, Kohl's, JCPenney, and on Amazon — is among the business owners preparing to take on exponentially increased import duties, but says the financial pain and split of the pain between his firm and retailers will be difficult.His once $50 pair of men's shoes and $35 little boys' shoes have already gone up $80 to $65, respectively, after recent trade war moves by the U.S., with Deer Stags set to pay more than a 104% new tariff on Chinese goods being stacked atop previous tariffs.Prior to the tariff increases in 2025, his company was paying a 6% duty on their shoes. Show less Read more
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