Tariffs are a cause of concern for many consumers, though it should be noted that the product categories most likely to be affected are “nice to have” items, such as luggage and televisions:
“Categories that consumers consider ‘nice to have’ include bicycles, handbags, luggage, watches, games, televisions, and headphones. NPD Group said it is already observing sales reductions in some of the categories where tariffs were introduced in 2018.”
P.S. Tariffs could increase costs throughout the supply chain. 8th & Walton advisors help suppliers run a nimble business and keep costs down as much as possible — whether their production is state-side or international. Work with our advisors to stay ahead of changes that could impact your business. Book a consultation today.