Trump, Walmart and tariffs
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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.
People aren’t buying U.S. Commerce Secretary Howard Lutnick’s assertion that the Trump administration’s tariffs cause no financial pain. During a live interview with Axios’s Mike Allen at the Building the Future event in Washington this week, Lutnick claimed that no one is feeling any pain right now from the tariffs.
1hon MSN
WASHINGTON (AP) — President Donald Trump on Friday threatened a 50% tax on all imports from the European Union as well a 25% tariff on Apple products unless iPhones are made in America.
6hon MSN
Apple shares dropped as much as 3% Friday after President Donald Trump threatened the tech giant with a 25% tariff if it does not start producing iPhones in the U.S. — his latest salvo directly targeting a U.S. company over how it conducts its business.
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.