Retailers face tariff storm: Which ones are most at risk?
Retailers are anticipating challenges stemming from President Trump's latest tariffs levied against China, Canada, and Mexico, with some sectors more vulnerable than others. Also catch Yahoo Finance's coverage of Best Buy's (BBY) fourth quarter earnings and how the electronics retailer is reacting to Trump's tariffs. Roth Capital Partners senior research analyst Bill Kirk joins Market Domination hosts Josh Lipton and Julie Hyman to share his perspective on the types of retailers most at risk. "The discretionary assortment retailers that sell things from China are in a tricky spot, and even those that skew a bit heavier on produce sales," Kirk says. "So produce, particularly outside of the summer months, comes from Mexico, or it's heavier from Mexico outside of the summer. And when that happens, if tariffs are on Mexican produce, the availability and the pricing of produce would be very likely to go up." Also catch Yahoo Finance's coverage of Target's (TGT) own earnings print and how the retailer is forecasting tariff impacts. Kirk suggests that packaged food retailers, which source domestically, are better positioned to weather the storm: "What you want to be in this environment is kind of, in some ways, one of the more boring retailers." When discussing inflationary pressures, Kirk explains that retailers will try to pass most of the increased costs on to consumers. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Josh Lynch
