Retailers Warn Of Empty Shelves By July As Trump’s Tariffs Slash Chinese Imports And Raise Costs

President Trump's tariffs are prompting companies to warn of profit hits and rising costs for consumers, according to NBC News. PepsiCo and Procter & Gamble lowered their forecasts, citing rising supply chain costs, weaker consumer demand, and the impact of tariffs. Consumers, already stretched by inflation, are turning to credit and installment loans for essentials, with BNPL delinquencies on the rise. Executives across sectors flagged potential empty shelves by July due to pricing concerns and falling ocean container volumes from China. Trucking activity from Los Angeles is down 23%, and FreightWaves predicts another decline.