Reported 4 days ago
Retailers in the U.S. are indicating that the effects of tariffs on consumer prices are far from over. Major companies like Walmart, Target, and J.M. Smucker have recently announced increases in product costs due to tariff pressures, with predictions of further hikes as inventories are replenished. A federal court's ruling against President Trump's tariffs adds uncertainty, while consumers are becoming more selective in their shopping habits, leading to a rise in demand for discount retailers. Overall, the economic landscape remains challenging, particularly for lower-income consumers.
Source: YAHOO