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Stock Market News Today: Dow Moves Higher; Walmart Says It Will Raises Prices Due to Tariffs — Live Updates WSJWalmart warns it will raise prices because of tariffs CNNWalmart CFO says price hikes from tariffs could start later this month, as retailer beats on earnings CNBCWalmart shoppers to face price hikes as Trump tariffs hit Reuters
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Tariff policies could cause ‘enormous' damage, $73bn firm says in letter to investors
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The retailer reported sales growth, especially in its e-commerce division, but also cautioned about economic uncertainty in the quarters ahead.
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As retailers slow down orders for foreign goods because of tariffs, companies that recirculate overstocked or returned items may help fill the gap.
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Dick's Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear company this year as business leaders struggle with U.S. President Donald Trump's threatened tariffs.
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Wholesale prices posted the biggest drop in April since the pandemic in 2020, but economists say the decline in inflation appeared to be a one-off that might not be sustained if tariffs persist at current levels.
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New data reflects the impact of tariffs on the U.S. consumer spending.
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Walmart warns it will raise prices within weeks because of tariffs The Washington PostWalmart stock slides as it signals price hikes due to 'magnitude' of Trump tariffs Yahoo FinanceWalmart is raising prices due to tariffs: What you should know TODAY.comWalmart CFO says price hikes from tariffs could start later this month, as retailer beats on earnings CNBC
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Uncertainty and supply disruptions cited as sapping the U.S. economy's industrial production.
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Higher tariffs and the Trump trade wars were bound to influence when Americans went shopping and how much they bought — and that's exactly what's happened the past few months.
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The U.S. exports billions of dollars worth of agricultural products each year — things like soybeans, corn and pork. And over the last month, these exports have been caught up in a trade war.
U.S. farmers have been collateral damage in a trade war before. In 2018, President Trump put tariffs on a bunch of Chinese products including flatscreen TVs, medical devices and batteries. But China matched those tariffs with their own retaliatory tariffs. They put tariffs on a lot of U.S. agricultural products they'd been buying, like soybeans, sorghum, and livestock. That choice looked strategic. Hitting these products with tariffs hurt Trump's voter base and might help China in a negotiation. And in some cases, China could find affordable alternative options from other countries.
Today on the show: what happened in 2018, how the government prevented some U.S. farms from going bankrupt, and what was lost even after the trade war ended.
This episode was produced by Sylvie Douglis and edited by Jess Jiang. It was engineered by Robert Rodriguez and fact-checked by Sierra Juarez. Alex Goldmark is our executive producer.
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