Reported about 16 hours ago
In response to President Trump's tariffs, which include a 10% baseline tariff on most imports and up to 30% on Chinese goods, numerous retailers such as Walmart, Ford, and Best Buy are set to raise prices on a variety of consumer products. Walmart has specifically noted that it cannot absorb the cost increases due to narrow retail margins, with prices expected to rise significantly by June. Other notable companies like Mattel, Sony, and Adidas have also indicated potential price hikes on their items as they navigate the increased costs associated with these tariffs.
Source: YAHOO