Assessing the Impact of Increased Tariffs on the Global Economy
Increased tariffs pose a risk of material slowdowns to both the US and global economy, though the likelihood of a global recession has lessened.
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Tariffs live updates: Trump urges Walmart to 'eat the tariffs' and wants Fed to cut rates 'sooner than later'
Yahoo Finance is chronicling the latest news and updates on Trump's tariffs.
Trump warns Walmart: Don't raise prices due to my tariffs but do eat the costs from those taxes
President Donald Trump on Saturday ripped into Walmart, saying on social media that the retail giant should eat the additional costs created by his tariffs. As Trump has jacked up import taxes, he has tried to assure a skeptical public that foreign producers would pay for those taxes and that retailers and automakers would absorb the additional expenses. Most economic analyses are deeply skeptical of those claims and have warned that the trade penalties would worsen inflation.
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Dutch Bros stock soared over the past year, but the company is just getting started on expanding its locations around the U.S. On's CloudTec cushioning technology has made it one of the most popular footwear brands, with sales surging 43% year-over-year last quarter. Dutch Bros (NYSE: BROS) and On Holding (NYSE: ONON) are reporting tremendous demand for their products, and it's reflected in their share price performance, as both stocks roughly doubled in value over the past year.
Trump pushes US Federal Reserve for rate cuts, criticizes Powell
Trump also criticized the head of the central bank, Jerome Powell.
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Trump tells Walmart to 'eat the tariffs' instead of raising prices
WASHINGTON (Reuters) -U.S. President Donald Trump said on Saturday that Walmart should "eat the tariffs" instead of blaming duties imposed by his administration on imported goods for the retailer's increased prices. His comments were in response to the world's largest retailer saying this week it would have to start raising prices later this month due to high tariffs. "Between Walmart and China they should, as is said, 'EAT THE TARIFFS,' and not charge valued customers ANYTHING."