Walmart says it must raise prices due to tariffs
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MiBolsilloColombia on MSNHome Depot holds prices steady as Walmart prepares for tariff-driven hikesAs Walmart raises prices due to tariffs, Home Depot holds steady—highlighting different strategies amid rising trade pressures.
Global retailers like Birkenstock and Pandora are planning to increase prices worldwide. This is to offset the impact of US tariffs. This strategy could lead to inflation in Europe and Britain. Central banks are closely monitoring the situation.
It’s a tale of two retailers. Home Depot is leaning into tariffs by holding prices steady for customers. Meanwhile, Walmart said last week it will do the opposite and raise prices. That contrast tells you who’s playing offense and who’s playing defense.
Treasury Secretary Bessent told NBC News' "Meet the Press" the administration was focused on its 18 most important trading relationships.
"We have many levers to use in mitigating the impact of tariffs," CEO Brian Cornell said as the retailer continues to struggle against rivals better known for bargain prices.
Target slashed its annual sales forecast on Wednesday after posting a sharp decline in quarterly same-store sales, attributing the declines to weakened consumer confidence and a pullback in discretionary spending due to U.
President Trump is shifting the pressure to big companies to deal with rising costs from his tariff plan, leaning into populism as a tactic to sell his trade policy to Americans. Trump blasted
But while retailers have been struggling on a broad level, Walmart has managed to thrive. 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter💰💵 During its most recent earnings report,