Several months into the Trump administration's unfolding tariff program, investors are still unlikely to have much clarity surrounding the impact of current and potential future levies. However, as inflation creeps upward once again and analysts continue to forecast a decent likelihood of an impending recession, it would seem to be an increasingly challenging time for companies dependent upon consumer spending.
The SPDR S&P Retail ETF (NYSEARCA: XRT), an exchange-traded fund (ETF) and benchmark for the U.S. retail industry, has partially recovered from the initial April tariff shock but remains down more than 1% year-to-date (YTD).
