Walmart says it plans to raise prices despite lower U.S. tariffs
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Walmart on Thursday warned that even softer tariffs on China could soon force the company to raise prices on certain items.
The world's largest retailer said President Trump's wide-ranging levies on U.S. trade partners are impeding its ability to keep prices low.
"We can control what we can control," Walmart CEO Doug McMillon said during an earnings call on Thursday. "Even at the reduced levels, the higher tariffs will result in higher prices," he added.
The Trump administration is prepared to waive the Jones Act to loosen shipping rules as the Iran war continues, the White House said Thursday. Edited by Alain Sherter and Aimee Picchi In:
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President Trump ordered the release of 172 million barrels of oil from the United States' Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
U.S. motorists are likely to face higher gas prices for several weeks even if crude oil remains stable, according to GasBuddy petroleum analyst Patrick De Haan. Edited by Aimee Picchi In:
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Companies in the U.S. that paid tariffs invalidated by the Supreme Court in February are legally entitled to refunds, a federal judge ruled on Wednesday. In:
Target will invest another $2 billion in its business this year to spruce up stores, remodel locations and invest in workers, the retailer said Tuesday as it outlined plans to try to reverse a persistent sales malaise and reclaim its footing in fashion and home categories. In:
Defense Secretary Pete Hegseth deemed artificial intelligence firm Anthropic a "supply chain risk to national security" on Friday, following days of increasingly heated public conflict over the company's effort to place guardrails on the Pentagon's use of its technology. Jo Ling Kent contributed to this report. In: