Trump, tariffs and Walmart
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Suppliers to Walmart have delayed or put on hold some orders from garment manufacturers in Bangladesh, according to three factory owners and correspondence from a supplier seen by Reuters, as U.S. President Donald Trump's threat of a 35% tariff on the textile hub disrupts business.
Amazon extends Prime Day to four days and moves it up a week to get in front of tariffs. Walmart and Target plan competing sales events to capitalize on consumer worries.
Atlanta, Georgia — Pillows filled and sealed for a good night's sleep at the Atlanta warehouse of home bedding company Standard Fiber are one of many things giving its CEO, Chad Altbaier, nightmares. "Planning is practically impossible," Altbaier told CBS News. "Probably the most challenging time of my career."
The pause on the biggest of Trump's tariffs won't pass this week, as planned, but the problems they present still loom large.
NBC News is tracking the prices of common purchases ahead of major discounting by Amazon, Walmart and other retailers, and as Trump’s global levies threaten to take hold.
Walmart's valuation may be overhyped amidst industry headwinds and risks like SNAP cuts, tariffs, and shifting consumer trends. See more on WMT stock here.
Wild swings in margin estimates under RIM calculations led Walmart executives to pull their profit guidance in May.