Tag: 2025 economy

Mall Meltdown: How Trump’s Tariffs Are Hitting US Shoppers Where It Hurts—Their Wallets
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Mall Meltdown: How Trump’s Tariffs Are Hitting US Shoppers Where It Hurts—Their Wallets

Rising Heat and Rising Prices As the summer heat scorches New York City, the economic temperature inside America’s shopping malls is rising just as fast. In Queens’ bustling Queens Center Mall, shoppers aren’t just sweating the weather—they’re feeling the pinch of a new round of Trump-era tariffs. From Macy’s to Best Buy, department stores are being forced to pass increasing import costs onto consumers, particularly for everyday staples like t-shirts, shoes, and bags. Basic goods are becoming luxuries for many Americans. “T-shirts, basic t-shirts, underwear—the prices are going up,” said Clarence Johnson, 48, outside Macy’s. Retailers Brace for Tariff Shock Under President Donald Trump’s renewed trade offensive, tariffs are once again being deployed as a central weapon. Beginnin...