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Retailers Warn Tariff Impacts Are Far From Over as Prices Rise
Retailers Warn Tariff Impacts Are Far From Over as Prices Rise
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BTCCSquare news:
American consumers face mounting pricing pressures as major retailers signal tariff-related cost increases are hitting store shelves. Walmart, Target, and Best Buy report creeping price hikes across groceries, home goods, and electronics—a trend exacerbated by plunging profit margins for tariff-exposed commodities like coffee.
Packaged food giants J.M. Smucker and Hormel Foods underscore the strain, with the latter's stock dropping 12% after missing earnings amid soaring input costs. The uncertainty compounds as a federal appeals court strikes down most of Trump-era global tariffs, leaving import-dependent industries in limbo pending Supreme Court review.
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