A potential second Trump administration could bring significant volatility to the retail sector, characterized by both opportunities and uncertainties, according to analysts. Tariffs, particularly the proposed 10% and 60% tariffs on various imports, are expected to raise consumer prices and could lead to a modest stagflationary impact on the U.S. economy, with inflation forecasts increasing. While some retailers like Walmart and Target may manage the changes better, the overall consumer spending power could decline significantly, raising concerns about the broader implications for the economy and retail operations.

Source: https://www.supplychaindive.com/news/trump-inflation-rises-again-tariffs-election/732542/