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How retailers are preparing for the next round of tariffs

On Friday, China announced that it would impose retaliatory tariffs on $75 billion of U.S. goods. Meanwhile, Charles O'Shea, Moody's retail analyst, thinks major retailers like Walmart, Target, Amazon, Costco and Amazon are actually 'best positioned' to brace the impact of those tariffs. He joins Yahoo Finance's The First Trade to discuss.