⭕ The result of the comprehensive tariffs imposed by President Donald Trump has caused panic among American companies, prompting them to raise their product prices.
⏪ Walmart is one of the latest major retailers to announce that it will soon be selling more expensive goods because Trump's tariffs are "too high." Among other retailers that have indicated the possibility of raising prices soon are Ford, Best Buy, and others.
⏪ On May 6, toy giant Mattel announced that it would raise its prices due to the tariffs, with CEO Ynon Kreiz stating to investors that "under the current scenarios we are studying" in response to the tariffs, it is expected that 40 to 50 percent of its products will remain priced at $20 or less.
⏪ The two Chinese retail companies Shein and Temu were largely exempt from tariffs previously due to the "minimal" exemption that excluded shipments of goods valued under $800, but Trump signed an executive order that eliminates the exemption.
