President Trump Thinks Walmart Can Absorb the Impact of Tariffs. Can It?
Tariffs are coming down, and the market is getting excited. Since the U.S. and China announced a tariff deal, the S&P 500 (SNPINDEX: ^GSPC) is up 5%, bringing it back into a year-to-date gain. But the new deal hasn't gotten rid of tariffs entirely, and the market is taking these tentative steps with consideration for potential negative fallout.U.S. companies are also still cautioning about how tariffs could affect their businesses. On Walmart's (NYSE: WMT) earnings call last week, CEO Doug McMillon warned about potential repercussions. President Trump responded on social media that Walmart makes billions of dollars in sales, and that it should "eat the tariffs." But can it?Let's take a look at what's happening at Walmart, and how tariffs could play into it.Continue reading
Tariffs are coming down, and the market is getting excited. Since the U.S. and China announced a tariff deal, the S&P 500 (SNPINDEX: ^GSPC) is up 5%, bringing it back into a year-to-date gain. But the new deal hasn't gotten rid of tariffs entirely, and the market is taking these tentative steps with consideration for potential negative fallout.
U.S. companies are also still cautioning about how tariffs could affect their businesses. On Walmart's (NYSE: WMT) earnings call last week, CEO Doug McMillon warned about potential repercussions. President Trump responded on social media that Walmart makes billions of dollars in sales, and that it should "eat the tariffs." But can it?
Let's take a look at what's happening at Walmart, and how tariffs could play into it.
