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Factors like President Trump's tariffs, automation, and lingering inflation are causing businesses to tighten their budgets.

Retailers are reportedly burning through pre-tariff inventory, which had previously shielded consumers from price hikes.

Spending on holiday shopping in 2025 could hit its lowest level since the COVID-19 pandemic — and seasonal retail hiring in the months ahead could hit its lowest level since the Great Recession — as consumers and businesses look at ways to tighten their wallets amid the price pressure of President Donald Trump's tariffs on imported products.

Data released Sept. 10 by Big Four consulting firm Deloitte showed that U.S. holiday sales for the 2025 season will grow at their slowest rate since the pandemic. Another Big Four consu

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