Walmart, Lowe’s Raise Alarm on Trump Tariffs. What Their Warning Means for Markets and 5 Other Things to Know Today.
Retailers post earnings beats, Bitcoin price hits record, Microsoft conference shows AI progress has slowed, and other news to start your day.
Lowe's runs 'scenarios' around proposed Trump tariffs
It's still early, but this retailer is running scenarios of how President-elect Trump's potential tariffs could impact business.
'We're concerned': Walmart, Lowe's among latest companies to warn Trump tariffs could raise product costs
Major American retailers Walmart ( WMT) and Lowe’s ( LOW) raised concerns that President-elect Donald Trump’s proposed tariffs would make their products more expensive, just as consumers are beginning to recover from the impacts of inflation.
Walmart among US companies raising concerns over proposed Trump tariffs
Tariffs could raise prices on clothing, toys, furniture, appliances, footwear and travel goods, particularly items where China is a major supplier.
Walmart exec warns customers Trump’s tariffs could mean higher prices
Our model is everyday low prices,” CFO John David Rainey said. “But there probably will be cases where prices will go up for consumers.”
Walmart says prices will 'probably' go up if Trump tariffs take effect
Walmart is the latest company to signal price hikes may be on the way if Donald Trump makes good on his tariffs promise.
Walmart will likely raise some prices if Trump tariffs take effect, CFO says
National Retail Federation CEO Matthew Shay described across-the-board tariffs as “a tax on American families.”
Trump's proposed tariffs would raise prices for these products, experts say
Trump has proposed tariffs of between 60% and 100% on Chinese goods, and a tax of between 10% and 20% on every product imported from all U.S. trading partners. Economists widely forecast that tariffs of this magnitude would increase prices paid by U.
Forbes Daily: Walmart Warns Tariffs Would Likely Increase Its Prices
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Lowe’s CEO confident in retailer’s ability to manage Trump tariffs after earnings beat
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Lowe’s prepping for ‘what may be coming from the administration’ on tariffs
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