China tariffs could trigger one of the biggest waves of store closures the US has ever seen, sparking the second coming of the retail apocalypse

The trade war with China is threatening to trigger one of the biggest waves of store closures that the US has ever seen, according to UBS research. Higher tariffs on Chinese goods could force 12,000 stores to close within a year and put $40 billion of sales at risk, the UBS analyst Jay Sole wrote in …