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April 1, 2025
In the Face of Heavy Tariffs, US Retail Sales in 2025 Will Drop Below Last Year's Levels (billions in US retail sales, by tariff forecast scenario, 2021-2025)
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Impact of Tariffs on US Businesses Trump escalates trade war with China, presses pause on higher reciprocal tariffsUS tariffs and uncertainty will drag down global economic growthDespite rocky Q1, Synchrony isn’t concerned—yetFiserv’s acquisition frenzy will help accelerate growth after mixed Q1Chart Title
In the Face of Heavy Tariffs, US Retail Sales in 2025 Will Drop Below Last Year's Levels (billions in US retail sales, by tariff forecast scenario, 2021-2025)Publication Date
April 1, 2025
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