Trump, Walmart and tariffs
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4don MSN
Walmart has indicated that consumers will soon start seeing higher costs as Trump's tariffs have begun to take effect. And retailers broadly have tried to warn consumers about imp
His event in the Oval Office was at one point interrupted by repeated phone calls that he said were from members of Congress.
6hon MSN
President Trump is threatening a 50% tax on all imports from the EU as well as a 25% tariff on Apple products unless iPhones are made in America.
Walmart has announced plans to lay off 1,500 corporate employees, part of what it calls a restructuring as it weighs plans to raise prices amid Trump administration tariffs.
The president has publicly condemned multiple companies as the administration attempts to prioritize domestic manufacturing.
President Donald Trump's tariffs are widening the gap between market-leader Walmart and Target, the companies' latest quarterly reports show, underscoring missteps at the smaller U.S. retailer amid economic uncertainty.
Walmart has significant China exposure -- about 60% of the manufactured products it sells -- but its reputation for "everyday low prices," economies of scale, and strength in groceries make it more resilient in a trade war or a down economy than most of its retail peers.
Treasury Secretary Scott Bessent has acknowledged that Walmart, the largest U.S. retailer, may pass along some of the costs from President Donald Trump’s tariffs to its shoppers through higher prices.