tariff

Trump threatens to impose sweeping new tariffs on Mexico, Canada and China on first day in office

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Trump threatens to impose sweeping new tariffs on Mexico, Canada and China on first day in office

By JILL COLVIN and ROB GILLIES NEW YORK (AP) — President-elect Donald Trump threatened to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his effort to crack down on illegal immigration and drugs. He said he would impose a 25% tax on all products entering … Read more

Walmart Alerts Shoppers: Expect Price Hikes If Trump’s $3 Trillion Tariff Plan Takes Effect

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Walmart Alerts Shoppers: Expect Price Hikes If Trump’s Trillion Tariff Plan Takes Effect

During its Q3 earnings call last week, big-box retailer Walmart hinted it could hike the prices of several items it sells if President-elect Donald Trump’s tariff hikes are implemented. Walmart’s Q3 revenue jumped 5.5% on the back of a 27% growth in global e-commerce sales. Walmart CFO John David Rainey highlighted that the company doesn’t … Read more