$29 Billion Tariff Shock Awaits US Shoppers As Holiday Spending Kicks Off: Report
Benzinga
2025-11-17
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LendingTree estimates tariffs could act like a $29 billion tax on 2025 holiday shopping, adding about $132 in extra costs per shopper. Electronics and clothing would be hit hardest as retailers absorb part of the burden, potentially reducing spending and slowing economic growth.
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