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Stock impact report

Trump orders Walmart to ‘eat the tariffs' and stop blaming his trade war for rising prices: ‘I'll be watching' [Yahoo! Finance]

Mattel, Inc. (MAT) 
Last mattel, inc. earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/mattel
Company Research Source: Yahoo! Finance
for its announcement that prices will start going up this month as tariffs on imports start to bite. America's largest retailer warned customers this week that price increases for many products are imminent because, as the company's chief financial officer, John David Rainey, said, the tariffs are “still too high” — even with the recently announced agreement to lower duties on imports from China to 30 percent for 90 days. The president has long insisted that tariffs are a tax on foreign countries. However, they are a tax on imports collected at the border and paid for by the importer, raising the end price of goods for American shoppers. On Saturday morning, Trump appeared to acknowledge this, saying that Walmart should “eat the tariffs” and not pass the higher cost of sourcing goods on to its customers. He wrote on Truth Social: “Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far m Show less Read more
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