---
title: "BUZZ-US retailers slip as Trump hints at higher tariffs on China imports"
description: "Shares of U.S. retailers declined following President Trump's indication of potential significant tariff increases on Chinese imports. Notable drops include Gap, Nike, and Ralph Lauren down approximat"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/260666788.md"
published_at: "2025-10-10T15:44:16.000Z"
---

# BUZZ-US retailers slip as Trump hints at higher tariffs on China imports

> Shares of U.S. retailers declined following President Trump's indication of potential significant tariff increases on Chinese imports. Notable drops include Gap, Nike, and Ralph Lauren down approximately 2%, Abercrombie & Fitch and American Eagle Outfitters down around 3%, and Best Buy down about 4%. Toymakers Mattel and Hasbro also fell nearly 4%, while Levi Strauss saw a 12% drop due to high costs from U.S. tariffs. The S&P 500 Consumer Discretionary Distribution & Retail Index decreased by 2.5% on Friday.

Shares of U.S. retailers fall after President Donald Trump said the U.S. is calculating a massive increase in tariffs on Chinese imports, fueling concerns over likely impact on sourcing supplies

Apparel retailers Gap (GAP.N) , Nike (NKE.N) , Ralph Lauren (RL.N) , Lululemon (LULU.O) down ~2%

Abercrombie & Fitch (ANF.N) , American Eagle Outfitters (AEO.N) down ~3%

Shares of electronics retailer Best Buy (BBY.N) down ~4%

Toymakers Mattel (MAT.O) and Hasbro (HAS.O) fall nearly 4%

Levi Strauss (LEVI.N) down 12% after flagging high costs linked to U.S. import tariffs

S&P 500 Consumer Discretionary Distribution & Retail Index .SPXRT is down 2.5% on Friday

### Related Stocks

- [AEO.US - American Eagle Outfitters](https://longbridge.com/en/quote/AEO.US.md)
- [MAT.US - Mattel](https://longbridge.com/en/quote/MAT.US.md)
- [BBY.US - Best Buy](https://longbridge.com/en/quote/BBY.US.md)
- [RL.US - Ralph Lauren](https://longbridge.com/en/quote/RL.US.md)
- [LEVI.US - Levi Strauss](https://longbridge.com/en/quote/LEVI.US.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.