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The market’s recent recovery was fueled by President Trump pausing tariff increases on various countries, excluding China, where tariffs will soar to 145%. Despite this temporary relief, higher tariffs remain compared to the year’s start, and companies in the retail sector, including Boot Barn, Deckers, Hasbro, Mattel, and Nike, experienced significant stock declines. The ongoing tariffs pose a dual threat: increased costs for consumer goods companies and potential economic recession, leading to uncertain future earnings for 2025 amidst fluctuating consumer sentiment.
