A breakdown of trade links of Trump’s latest tariff targets
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NBC News is tracking the prices of common purchases ahead of major discounting by Amazon, Walmart and other retailers, and as Trump’s global levies threaten to take hold.
4hon MSN
Economists, researchers and analysts have warned that President Donald Trump’s sweeping trade policy of tacking steep tariffs on most goods that come in to America will deliver a taxing blow to consumers via higher prices.
The Dow, S&P 500 and Nasdaq remain volatile as trade deals and tariffs keep investors in limbo. Amazon’s Prime Day met with fierce competition as Walmart, Costco offer their own deals. Oil inches higher.
Wild swings in margin estimates under RIM calculations led Walmart executives to pull their profit guidance in May.
Amazon extends Prime Day to four days and moves it up a week to get in front of tariffs. Walmart and Target plan competing sales events to capitalize on consumer worries.
Walmart's valuation may be overhyped amidst industry headwinds and risks like SNAP cuts, tariffs, and shifting consumer trends. See more on WMT stock here.
Most retailers used to focus on selling, and left processing, manufacturing, and shipping to specialized companies. The pandemic and now tariffs have both been lessons in doing more in-house.
Consumers hold the weakest negotiation position in the matter; they will bear the largest brunt of the tariffs. Within this group, those with the lowest incomes will pay the largest share of their income in tariffs, making the tariffs a regressive tax.
Treasury Secretary Scott Bessent said tariff letters will be sent to about 100 countries over the next several days, as the Trump administration’s 90-day tariff pause comes to an end Wednesday.
Triangle area hardware stores like Burke Brothers are feeling the pinch of tariffs, with some major tool companies announcing 5-7% price increases on imported goods.
American companies say they will likely increase their prices because of President Donald Trump's tariffs, making this holiday season more expensive. However, shopping analysts said consumers can save money and buy their holiday gifts now by taking advantage of big July sales,