4 Stores Savvy Shoppers Love That Won’t Be Affected by Trump’s Tariffs
Written by
Gabrielle Olya
Edited by
Molly Sullivan
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President Donald Trump has imposed a 10% tariff on goods imported from China, and although he has put his plans to impose tariffs on Canada and Mexico on hold, those could be implemented at a later date.
The tariffs on China alone could increase the costs of a number of consumer products, including footwear, toys, video game consoles and electronics, NPR reported. If tariffs on Mexican and Canadian goods are also rolled out, this could affect the cost of produce, cars and gas.
While many retailers are bracing for higher costs on the products they sell, there are a few retailers that will be unaffected by the tariffs — here’s why.
These Retailers Won’t Be Affected by Trump’s Tariffs
If you’re a savvy shopper, you probably already shop at the group of stores that won’t be impacted by Trump’s tariffs. T.J. Maxx, Marshalls and HomeGoods will all be unaffected by any potential tax on imports, CNN reported. That’s because instead of importing items directly from factories abroad, T.J. Maxx and its sister stores largely buy designer brands’ excess merchandise directly from them. Because tariffs only need to be paid once, it’s the designer brands that will be impacted by any extra fees.
Jefferies analyst Corey Tarlowe said that while “a storm is brewing” in the retail sector, TJX — the parent company of T.J. Maxx, Marshalls and HomeGoods — “should be a significant beneficiary” thanks to its “opportunistic buying” strategy, CNN reported.
Stores with similar buying models, like Burlington, also stand to benefit from Trump’s tariffs.
Retailers That Expect To Raise Prices
On the opposite end of the spectrum, there are a number of retailers that rely heavily on imported goods that are already bracing to raise prices due to tariffs. Boot Barn, for example, sources an estimated 55% of its goods from China, Mexico and Canada, CNN reported.
Other stores that are expected to have a negative exposure to tariffs include Steve Madden, Skechers, Walmart, Macy’s and Kohl’s.
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