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China Trade War Could Close 12,000 U.S. Stores: UBS; Apparel Stocks Hit Again

JED GRAHAM
China Trade War Could Close 12,000 U.S. Stores: UBS; Apparel Stocks Hit Again

Higher China trade war tariffs could bring forward 12,000 store closures for soft-line retailers, UBS predicted Tuesday. Ralph Lauren and others that rely heavily on Chinese imports fell.