Which group of individuals is in the best position to spot early warning signs of economic trouble? There's a good case to be made for corporate chief financial officers (CFOs).
As global economic conditions grow increasingly complex, major retail players like Walmart and Amazon are making strategic moves to secure their footholds and expand their influence.
Sweeping new tariffs announced by US president Donald Trump are set to create significant challenges for the hardlines retail sector, adding complexity to supply chains, pricing strategies, and consumer demand, analysts at UBS have warned. While some retailers are better positioned to navigate these disruptions, the broad-based nature of these tariffs is expected to weigh on the sector as a whole.
Yesterday, President Donald Trump announced a slew of tariffs on nearly every country in the world—over 180 of them, notes CNBC. The tariffs Trump announced are higher than most economists and business leaders feared.
Shares of Walmart (WMT), Target (TGT), and other retailers sank in premarket trading Thursday after the Trump administration announced sweeping reciprocal tariffs against U.S. trading partners.
Amazon (AMZN 0.99%), Walmart (WMT 1.05%), and Target (TGT) stocks all fell more than 10% last month according to data provided by S&P Global Market Intelligence. The market's been down on tariff talks and moves, and the S&P 500 dropped 5% in March.
Walmart is reportedly pushing suppliers in China to reduce prices to mitigate new tariffs. The effort, the subject of a Bloomberg News report late Monday (April 1), is happening despite a recent summit between Walmart executives and the Chinese government to discuss the issue, and warnings of potential retaliation by Beijing.
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