President Trump boasted this week that his tariffs are raising "a fortune" for the U.S. government. Tariffs could also raise prices for the back-to-school and Christmas shopping seasons.

Americans are starting back-to-school shopping earlier this year out of concern over tariffs, according to a new study.

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Tariff impact on shoe prices is the concern for back-to-school, and an AlixPartners and FDRA report says parents will trade down or buy fewer pairs.