Reported 1 day ago
Retail stocks, including those of Walmart, Target, and Nike, dropped in response to President Trump's announcement of new tariffs, which will impose a baseline of 10% on imports and higher rates on 60 countries, significantly affecting margins and retail strategies. Analysts warn that these tariffs could lead to increased consumer prices and reduced profit forecasts. Companies are scrambling to adapt, but the risks of passing costs to customers and the impact on retail sales growth persist amid growing consumer caution.
Source: YAHOO