The U.S.-China trade war has complicated supply chain decisions for U.S. retailers heading into the back-to-school shopping season. Tariffs were threatened against imports of kids apparel, but subsequently postponed following a meeting between President Trump and President Xi. The threat of tariffs likely drove a 10.1% year over year surge in imports of kids clothes from China in 2Q. There’s still a risk that tariffs are applied at short notice, potentially acting to the benefit of manufacturers in Vietnam who already sell to Gap, JCPenney and Adidas. Imports of backpacks are already cov...