Americans pulled back significantly on spending
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Walmart to raise prices
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Producer Price Index, a measure of wholesale costs, fell 0.5% in April. Margins are squeezed by tariffs and firms will likely pass costs to consumers
Executives at several companies that sell popular products have recently pointed to signs of wariness among shoppers.
Consumer spending wasn’t particularly strong last month, and Walmart will be raising prices soon, clearing the way for other retailers to do the same.
Price increases could be on the horizon soon for American consumers after retail giant Walmart announced it plans to increase
While President Trump continues his Middle East trip and talking about big deals, there are new signs of how his tariffs could impact American consumers and businesses. Peter Baker, Amna Nawaz, and David Drucker join Symone Sanders Townsend on The 11th Hour.
President Donald Trump has suggested that India has offered to drop tariffs on U.S. goods to zero, something not immediately acknowledged by New Delhi.