Uniqlo owner warns significant tariff impact, plans price hikes

Fast Retailing, Uniqlo's parent company, anticipates significant impact from rising U.S. tariffs later this year, planning to increase prices where feasible to offset costs. Trump's new tariff deadline and concerns over economic slowdown have dampened consumer enthusiasm. While early shipments mitigate immediate effects, the company expects lower fourth-quarter sales in China due to weak demand, impacting overall profits.