### Retailers Push for Early Holiday Shopping Amid Tariff Concerns

As the holiday shopping season approaches, retailers are urging customers to make their purchases before President-elect Donald Trump's proposed tariffs take effect. The impending tariffs, which will target top trading partners China, Mexico, and Canada, have injected a sense of urgency into consumer buying habits, with potential price hikes looming on the horizon.

Prominent retailers like Walmart, Lowe's, and Best Buy have already sounded alarms that the tariffs could result in increased prices for consumers. This push to encourage shopping now coincides with an unusually short holiday shopping period, making every additional dollar spent crucial for retailers.

Not only are large retail chains capitalizing on the tariff fears, but smaller businesses and individual artists are also following suit. Many are emphasizing the cost benefits of buying now before higher tariffs potentially inflate prices.

Economists caution that the tariffs promised by Trump could have a broader negative impact on the economy. Some companies are hastening their orders to preempt the harsher trade conditions, an activity that could temporarily boost the GDP if it becomes widespread.

Bea Chiem, a retail director at S&P Global Ratings, highlights that the proposed tariffs could significantly impact apparel and durable goods manufacturers and retailers. This increase in operational costs might exacerbate the financial struggles of already distressed companies, leading to more bankruptcies and the potential for firesale deals in the sector.

In summary, the race against Trump's upcoming tariffs has spurred a sense of urgency among both retailers and consumers, with price increases and economic ramifications hanging in the balance.