steel, Trump and aluminum tariffs
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Black beauty businesses are bearing brunt of Trump's tariffs
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The White House's abrupt move to double duties on Indian goods over its Russian oil purchases came with little warning and no clear path forward.
Sony joins Microsoft and Nintendo in raising gaming console prices following President Donald Trump’s tariffs on China.
The $50 price surge affects all three PlayStation models, with the standard console rising to $549.99, the Digital Edition hitting $499.99 and the Pro version soaring to a wallet-busting $749.99. Trump’s aggressive tariff regime, which kicked in Aug. 1, slaps Japanese imports with duties of up to 25% on major electronics and tech items.
Home Depot affirmed its full-year growth outlook for adjusted earnings per share to decline approximately 2%, for total sales to increase by about 2.8% and for comparable-sales growth of about 1%. Home Depot expects to open approximately 13 new stores during the year, in line with its prior guidance.
Until now, America’s largest home improvement retailer has limited what it has said about the impact of tariffs on its prices. But after reporting quarterly results Tuesday, CFO Richard McPhail said Home Depot would have to implement some price increases as a result of the Trump administration’s taxes on imports.
President Donald Trump’s “America First” tariff policies are boosting manufacturing in Puerto Rico, an island he has both attacked and claimed to help more than any other US leader.
Three months after stating the company had no plans to increase prices due to tariffs, Home Depot has backtracked. On Monday, the national home improvement retail chain confirmed to the Wall Street Journal that it plans some “modest price movement” as the tariffs increase.
Treasury Secretary Scott Bessent on Tuesday threw cold water on the idea that Americans could soon receive tariff rebate checks.
During Walmart's first-quarter earnings call, CEO Doug McMillon said the tariffs would result in higher prices, but didn't elaborate. A few days later, Trump posted to Truth Socia
S&P 500 companies have had a much better earnings season than initially feared, with 84% of companies beating estimates, Goldman Sachs said.
As Target announces a new CEO, the retailer is reporting declines in revenue and operating income. As shares tumble 10% their DEI pullback & tariffs are dragging on sales