Reuters (May 15)
2025/ 05/ 17 by jd in Global News
“Equity investors took comfort from the lower duty rates, pushing the S&P 500 Index up 5% this week, to higher than where it started the year. Business leaders are clearly less impressed. Sustained gloom from industry titans like Walmart will keep pressure on the president to reconsider his own pricing power.” Though Walmart “is trying to hold the line on food even as the cost of bananas, coffee, avocados and flowers increases,” the retailer disclosed this week that “tariffs would force it to raise prices.”
Tags: Business leaders, Cost, Duty rates, Equity, Food, Gloom, Industry titans, Investors, Pressure, Pricing power, Raise prices, Reconsider, S&P 500, Tariffs, Walmart
