In this episode of Retail Right Now, Total Retail's Joe Keenan and Kristina Stidham discuss the escalating trade war between the U.S. and China, and what it means for retailers and consumers. Last week, President Trump announced that the U.S. would be raising tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent, with threats of further tariffs on additional goods. Several U.S. business groups — most notably the National Retail Federation, the retail industry's top trade association — voiced their opposition to increased tariffs, warning of potential job losses and rising prices for consumer goods as a result of the tariffs.