Retailers warn of empty shelves as US-China trade war disrupts shipments

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Retailers warn of empty shelves as US-China trade war disrupts shipments - Business Standard

Quick Summary:

Major retailers, including Walmart and Target, have already cautioned Trump that empty shelves and price increases are imminent.

Chinese clients have reportedly cancelled approximately 30 per cent of their existing bookings, and cargo volumes continue to tumble.

Moreover, the cost of accessing the US market is now at its highest since the 1930s, with acceptance growing that a baseline tariff of at least 10 per cent will become the new norm.