U.S. shopping season begins amid trade tensions with China
The day after America's Thanksgiving Day has traditionally been a day for intense shopping in the country with only about four weeks to go before the Christmas holiday. Stores and shopping malls would get so packed from the early morning, it was soon dubbed "Black Friday."
This year's event is all the more interesting because the country is in the midst of a bitter trade war with China, in which higher tariffs pushed up the cost of popular consumer goods. Senior analyst Joel Schalit discusses the new trend of online shopping and the China-U.S. trade war impact on U.S. consumers.