Walmart, Tariff and Impacts
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On Tuesday, it was reported that Chinese shipments of Apple's iPhone and mobile devices to the US fell to their lowest since 2011 in April. The sharp drop highlights how US tariff
Target reports Q1 financial results Tuesday. The report comes after Walmart's mixed results and the retailer saying it would raise prices to offset tariffs.
President Trump said his administration "will be sending letters out" in two to three weeks to alert other nations of the tariff rates the U.S. will impose.
Meanwhile, US negotiations with the UK's neighbors in the EU have taken a different tone, with the EU unveiling a list of US products it will target ... tariff-related inflation in Tuesday's report, economists argue the full brunt of the new policies ...
Trump increased tariffs on most Chinese goods to a whopping 145%, but that rate dropped to 30% on Monday as part of a 90-day truce with China. But Trump said the tariffs could become “substantially higher” if a trade agreement with China is not reached.
Home Depot said Tuesday that it doesn't plan to raise prices because of tariffs, defying a broader trend in the retail industry.
Key economic reports set to reveal global impact of Trump’s tariff policies amid ongoing uncertainty
Reports in the coming week may give the fullest reading to date of how major economies are faring with trade disruptions, halfway through President Donald Trump’s 90-day hiatus on so-called reciprocal tariffs.
The central bank is expected to hold steady on rates, keeping them at a range of 4.25% to 4.5%. What Fed Chair Jerome Powell says at his presser will be key.
The Bureau of Labor Statistics' latest consumer price index report showed that inflation ticked slightly higher in April as tariffs begin to have an economic impact.
Global retailers including sandal maker Birkenstock and jeweller Pandora are looking at spreading the cost of U.S. tariffs by raising prices across markets to avoid big hikes in the United States that could hurt sales.