Reported about 11 hours ago
Walmart announced it will raise prices on numerous items due to Trump tariffs, which are taxes on imports that disproportionately affect American consumers. As retailers begin to follow suit, average import taxes have surged from 2.5% to 18%, particularly impacting goods from China with tariffs as high as 30%. Analysts predict that inflation will rise, with expected increases of 15% on leather goods and 14% on clothing and electronics, amidst concerns over future economic stability.
Source: YAHOO