Trump tariffs take effect Saturday: What to know
Published On Jan 31, 2025, 3:05 PM
President Donald Trump has confirmed that new tariffs will take effect on Saturday, with a 25% levy on goods imported from Mexico and Canada, and a 10% tax on imports from China. The move is part of an 'America First Trade Policy' aimed at addressing trade deficits and opioid-related issues. Critics warn that these tariffs will lead to higher costs for American consumers as companies may raise prices or cut back on inventory. Retailers like Dollar Tree and Walmart have expressed concerns about how these increased costs could affect their businesses and customers.
Stock Forecasts
WMT
Negative
The new tariffs imposed by Trump are likely to create increased costs for consumers due to higher prices on imported goods. Retailers with high exposure to these countries may experience negative impacts on sales and profit margins as they pass costs to consumers or alter their product lines.
DLTR
Negative
With the increased tariffs on imports, particularly from China, companies heavily dependent on these products could see a decline in sales or profitability due to inflated costs. This could prompt businesses to rethink their supply chains, potentially leading to reduced operational efficiency and increased prices.
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