Trump Tariffs Set to Collide with Back-to-School Shopping
- Walmart and Mattel announced plans in May 2025 to raise prices on some products due to higher tariffs on Chinese imports in the U.S.
- The price increases follow President Trump's imposition of a 30% tariff on Chinese goods and ongoing uncertainty from evolving trade policies.
- Walmart's CEO Doug McMillon and CFO John David Rainey stated that narrow profit margins limit absorbing tariff costs, making price hikes likely soon.
- Economist Brendan Duke estimated the tariffs could increase annual costs by about $2,500 for an average American family, with hikes appearing in electronics and clothing first.
- These developments suggest U.S. Consumers will face higher prices starting in late May and June, underscoring ongoing challenges from trade tensions and tariffs.
28 Articles
28 Articles
Trump tariffs set to collide with back-to-school shopping
(The Hill) -- The worst impacts of President Donald Trump's tariffs could hit just in time for back-to-school shopping. Whether or not Trump reaches new deals with China and other trading partners, spikes in prices are already affecting clothing, electronics and other classroom essentials, and the deepest cuts could be mere weeks away. Parents’ back-to-school habits are already changing, and businesses are stressing about the effects on their …


Did Walmart make the right move warning customers about higher prices?
Walmart made the rare move recently of warning customers, and investors, that it will begin raising prices as the result of tariffs. The retail giant said even with recent reductions in tariffs, it still had no choice but to pass some costs onto consumers. Other companies have also warned consumers, such as Procter & Gamble and Hasbro, but some experts say it will be less obvious. Amazon said it considered displaying import charges (like Chinese…


These are the 3 phrases you might be hearing more of as companies avoid saying 'tariff'
Walmart drew ire from President Donald Trump after saying in a May 15 earnings call that prices will rise due to tariffs.Siddharth Cavale/REUTERSThe word "tariff" might be about to get scarcer in the retail world, a consumer researcher told BI.Walmart drew President Trump's ire after saying the company would hike prices due to tariffs.Neutral wordings like "sourcing costs" or "supply chain expenses" may become more common, the researcher said.Th…
Some online shoppers say they got tariff-related invoices
AUSTIN (KXAN) – Lauren Kirkpatrick said in recent weeks she has seen people on TikTok reporting getting tariff-related invoices after making international purchases. That’s why, after buying a new pair of boots from France, Kirkpatrick wasn’t surprised to find such a letter in her mailbox from FedEx. “I was like, ‘This is my moment.’ I’m getting my first tariff [bill],” she said. Kirkpatrick shared the note with KXAN. The FedEx letter had a li…
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