Macy’s profit and sales slip and it cuts profit forecast for 2025, but tops Q1 expectations
Associated PressMAY 25
Macy's Slashes Profit Outlook Amid Tariff Squeeze
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The Spin
Anti-Trump narrative
Trump's tariffs are hammering an already flagging retail sector. From excoriating retailers who dare to raise prices in response to his tariffs to the overall uncertainty from the tariff strategy, this administration's trade policies are already going to hit American consumers and businesses. This is only the beginning of how tariffs will rock the American economy.
Pro-Trump narrative
Retail has been a struggling industry long before President Trump's trade policies, and big business is blaming their own failures on America First trade policies. Tariffs encourage manufacturing onshoring and the purchase of domestic goods, offsetting economic costs. Trump's tariffs will help the economy in the long term while rebuilding America's industry.