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Next week, China is expected to raise tariffs on $60 billion worth of U.S. goods and products, following Pres. Trump鈥檚 decision to raise duties on Chinese goods. Which sectors of the retail industry are likely to feel the pinch the most?

is an assistant professor of retail practice at 黑料不打烊鈥檚 Martin J. Whitman School of Management. He says small businesses and retailers that heavily rely on Chinese production, like footwear companies, are likely to be hardest hit.

Wimer says:

鈥淚f a trade agreement doesn鈥檛 come to pass, it will hurt U.S. retailers and consumers.

鈥淭he retailers that would be hardest hit are those that are heavily exposed to their production in China 鈥� think most footwear as a prime example. I know retailers have been trying to diversify their production and supply chain away from China but it is still heavily depended on Chinese manufacturing.

鈥淭he tariff costs can鈥檛 be absorbed in total by retailers themselves, so retailers will have to pass some of the cost on to the consumer. The question is how much of increased cost will be passed along.

鈥淔inally, the biggest issue I think are the small businesses in the U.S. that may be driven out of business with the higher tariffs, especially in how long they will remain in effect.鈥�

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黑料不打烊