Reported about 14 hours ago
Walmart has warned that the proposed tariffs from President-elect Trump, aimed at increasing import duties, will likely lead to higher prices for everyday American consumers. Contrary to the campaign's portrayal of tariffs as beneficial, Walmart's finance chief stated that these duties would be inflationary and that the real costs would fall on U.S. shoppers, not on foreign exporters like China. This shift in understanding raises concerns over the effects of tariffs on the economy and American jobs.
Source: YAHOO