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Walmart Responds To Trump's Order To 'Eat The Tariffs' - Newsweek
- Speed: 0.5x Speed: 1x Speed: 1.5x Speed: 2x 🎙️ Voice is AI-generated. Inconsistencies may occur. Walmart has responded to President Donald Trump 's suggestion that the company should fully absorb any cost rises that arise because of his tariffs. In a statement to USA Today , Walmart spokesperson Joe Pennington said: "We have always worked to keep our prices as low as possible and we won't stop. We'll ...

Source: newsweek.com
MARKETS  
Target sees tariffs and backlash over DEI changes hitting its bottom line
- Target slashed its financial outlook for the year Wednesday as it reported weaker-than-expected earnings amid tariff uncertainty and customer pullbacks — tied not only to a challenging economic environment but to a backlash against the company's decision to end certain diversity, equity and inclusion programs Target's net sales slumped 2.8 percent to $23.8 billion in the first quarter, with foot traffic and ...

Source: washingtonpost.com