Treasury Secretary Scott Bessent has acknowledged that Walmart may pass on the costs of President Donald Trump’s tariffs to consumers through higher prices. Following a call with the company’s CEO, concerns mount over the potential impact on shoppers at the nation’s largest retailer.
Facing industry challenges and tariff concerns, Dick’s Sporting Goods is set to acquire the struggling Foot Locker for approximately $2.4 billion. This marks the second major footwear buyout this year, highlighting shifting dynamics in the retail sector.
Subaru is revising its electrification strategy as it braces for a potential $2.5 billion impact from tariffs. The automotive company is rethinking its approach in response to significant financial pressures.
President Donald Trump has threatened to impose a 100-percent tariff on toy maker Mattel, potentially halting the sale of Barbie dolls in the United States. The President warned that the company “won’t sell one toy in the United States,” signaling a significant escalation in trade tensions.
Middle-class American taxpayers are facing new challenges as essential services are cut and tariffs are introduced. This emerging “war” could have significant impacts on millions of Americans.
Warren Buffett, the 94-year-old investment icon, announced his retirement at Berkshire Hathaway’s annual meeting, shocking attendees and the financial world. He warned on tariffs and revealed his companies are holding significant amounts of cash.
President Donald Trump’s escalating trade war with China has led to Chinese retailer Temu halting its direct-to-consumer sales in the United States. By targeting the “de minimis” exemption, which allowed duty-free imports under $800, the new tariffs have impacted both international retailers and American bargain hunters.
Despite mounting concerns that tariffs could harm U.S. consumers and the economy, former President Donald Trump insists they are necessary to rebalance trade. Describing the nation as being in a ‘transition’ period, he maintains that these measures are essential for correcting trade imbalances.
Businesses are warning that prices for many imported consumer goods are likely to rise soon, with potential shortages developing as early as next month. The high punitive tariffs on China, some reaching up to 145%, are at the center of these concerns. Unless the White House moves to reduce these tariffs, the economic impact could mirror the shortages experienced during the pandemic.
A decline in international tourists is casting a shadow over Disney’s theme parks, as fears of a global trade war—stoked by Trump’s tariffs—deter visitors from abroad.