The tariffs, contrary to media expectations, did not destroy the econony. But that won’t stop the media from trying anyway.
Popular home goods chain files for bankruptcy amid tariff trouble – CNN
At Home, a popular home goods retailer with 260 stores across 40 US states, has filed for bankruptcy, citing the backdrop of tariff increases and a slowdown in consumer spending.
Brad Weston, At Home’s CEO who joined the company last year, said in a statement that the company is “operating against the backdrop of an increasingly dynamic and rapidly evolving trade environment as we navigate the impact of tariffs”
Businesses across the United States are grappling with uncertainty about tariffs, including on the countries from which At Home sources its products, notably China. At one point, American tariffs on that country were as high as 145% before an agreement last month to temporarily lower that to 30%.
Those tarrifs sure are devastating. So devastating that they actually went back in time to 2023 to take down At Home.
At Home took on massive amounts of debt to cover its pandemic era expansion, but, like Bed, Bath and Beyond, and other home goods retailers, it couldn’t survive the contraction as more of the country got back to work. There was talk it would go under in 2023.
At Home’s fate was sealed under Biden. Blaming Trump for it is dishonest.
