10 Firms Take a Beating on Tariff Worries

4. Wayfair Inc. (NYSE:W)

Wayfair slashed its valuation by 25.59 percent on Thursday to close at $25.09 apiece on pessimism that it would take a beating from President Donald Trump’s tariff policies.

Earlier last month, the chief executive officer of Target Inc., one of the largest retailers in the US, said in an appearance on CNBC that higher prices on Mexican goods will likely lead to higher prices on produce.

Wayfair Inc. (NYSE:W), an online retailer of furniture, decorations, and outdoor items, among others, is similarly set to bear the brunt of higher costs.

Prior to President Donald Trump’s return to the White House, an analyst already warned last year that Wayfair Inc. (NYSE:W), as well as Best Buy and Five Below, would be especially at risk from the tariffs which could result in a plunge in earnings performance.