Tag Archives: Trump tariffs

Style on Main: Target And Walmart Sound Alarm Over Retail ‘Collapse’ As Shelves Go Empty

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For years, “retail apocalypse” headlines have cried wolf. Many blamed Amazon, others warned of overbuilt malls, but most claims fizzled. What’s happening now is different. Target just slashed its 2025 outlook after a brutal quarter, projecting a “low-single digit decline” in annual sales. Walmart’s CEO Doug McMillon has gone straight to President Trump with warnings that store shelves may soon run dry. 

These aren’t fringe forecasts, they’re direct signals from America’s largest retailers. For the first time, retail’s titans are sounding the same alarm. The collapse isn’t theoretical anymore. Behind the aisles, a perfect storm of tariffs, supply chain chaos, and consumer panic is brewing.

Target And Walmart Sound Alarm Over Retail ‘Collapse’ As Shelves Go Empty
WWD Instagram For years, “retail apocalypse” headlines have cried wolf. Many blamed Amazon, others warned of overbuilt malls, but most claims fizzled. What’s happening now is different. Target just slashed its 2025 outlook after a
https://styleonmain.net/target-and-walmart-sound-alarm-over-retail-collapse-as-shelves-go-empty/

Mediaite: Trump Threatens to Slap Gavin Newsom With Fines, Touts Tariffs in Late-Night Truth Social Storm

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President Donald Trump was up late and throwing jabs Monday night into Tuesday morning, threatening to slap California Gov. Gavin Newsom with “large scale fines” over transgender athletes.

Posting to his Truth Social account around 1 a.m. ET, Trump attacked the governor with the moniker “Newscum” as he ranted about a “Biological Male” competing in the California state finals track meet over the weekend.

What a sad, pathetic way for our so-called “President” to act. For our President to mock one of our governors in that manner is inexcusable.

Trump Threatens Gavin Newsom With Fines, Touts Tariffs
President Trump was up late and swinging threatening to slap California Gov. Gavin Newsom with “large scale fines” and touting his tariff policy.
Trump Threatens to Slap Gavin Newsom With Fines, Touts Tariffs in Late-Night Truth Social Storm

Meidas Touch News: Trump Claims the Economy is Booming Because of His Tariff Policy

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Trump was up late again posting to Truth Social

Trump was up posting after midnight and claimed that his tariffs are causing the U.S. economy to boom.

However, current economic data and expert analysis contradict this assertion. According to the OECD (Organization for Economic Co-operation and Development), U.S. economic growth is projected to slow to 1.6% in 2025, down from 2024, largely due to the uncertainty and higher costs brought on by Trump’s aggressive tariff policies. These tariffs have raised the effective U.S. import rate to 15.4%, the highest level since 1938, contributing to rising inflation—expected to hit 4% by the end of the year—and declining exports, according to Business Insider.

While tariffs have reduced imports and modestly narrowed the trade deficit, the broader impact has been negative.

meidasnews.com

https://meidasnews.com/news/trump-claims-the-economy-is-booming-because-of-his-tariff-policy

Guardian: Trump tariffs derailed by law firm that received money from his richest backers

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Previous backers of libertarian Liberty Justice Center include billionaires Robert Mercer and Richard Uihlein

Donald Trump’s tariff policy was derailed by a libertarian public interest law firm that has received money from some of his richest backers. The Liberty Justice Center filed a lawsuit against the US president’s “reciprocal” tariffs on behalf of five small businesses, which it said were harmed by the policy.

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For its lawsuit against Trump’s tariffs, the Liberty Justice Center gathered five small businesses, including a wine company and a fish gear and apparel retailer, and argued that Trump overreached his executive authority and needed Congress’s approval to pass such broad tariffs.

Trump tariffs derailed by law firm that received money from his richest backers
Previous backers of libertarian Liberty Justice Center include billionaires Robert Mercer and Richard Uihlein

https://www.theguardian.com/us-news/2025/may/29/trump-tariffs-liberty-justice-center

Vox.com: The first federal court hearing on Trump’s tariffs did not go so well for Trump

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A federal court held the very first hearing on President Donald Trump’s wide-ranging, so-called Liberation Day tariffs on Tuesday, offering the earliest window into whether those tariffs — and potentially all of the shifting tariffs Trump has imposed since he retook office — will be struck down. The case is V.O.S. Selections v. Trump.

It is unclear how the three-judge panel that heard the case will rule, but it appears somewhat more likely than not that they will rule that the tariffs are unlawful. All three of the judges, who sit on the US Court of International Trade, appeared troubled by the Trump administration’s claim that the judiciary may not review the legality of the tariffs at all. But Jeffrey Schwab, the lawyer representing several small businesses challenging the tariffs, also faced an array of skeptical questions.

The first federal court hearing on Trump’s tariffs did not go so well for Trump
Much of the hearing focused on whether Richard Nixon can save Trump’s tariffs.

https://www.vox.com/economy/412966/supreme-court-tariffs-donald-trump-trade-vos-selections

Mediaite: ‘It’s Scary’: House Repub Warns ‘Many Businesses’ in His State Will ‘Probably’ Close Soon From Trump Tariffs

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Rep. Don Bacon (R-NE) admitted many businesses in his state will be closing up shop soon if President Donald Trump’s tariffs don’t “change.”

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On Saturday, Bacon said car dealers and other businesses are telling him prices will need to go much higher as there is no time to fulfill demands that were previously not met within the United States. Many car manufacturers also rely on certain components from overseas while they actually build the cars here.

He said:

When I talk to car dealers here in Omaha, they say if these tariffs aren’t revised, the average person is going to pay $5000 more to buy an American car, let along a foreign made car. But an American car will cost that much more because a lot of our parts come from all over the world. We’ve got globally sourced manufacturing for cars and many other things. I have many businesses, just like Josh is saying, they’re probably gonna go out of business if this doesn’t change soon. One gentleman, he has his whole store’s Christmas lights. It’s one of the best Christmas lights stores you’ll ever see. But all of those lights comes from China, so he doesn’t have time to find other sources.

‘It’s Scary’: House Repub Warns ‘Many Businesses’ in His State Will ‘Probably’ Close Soon From Trump Tariffs
Rep. Don Bacon (R-NE) admitted many businesses in his state will be closing up shop soon if President Donald Trump’s tariffs don’t “change.”
‘It’s Scary’: House Repub Warns ‘Many Businesses’ in His State Will ‘Probably’ Close Soon From Trump Tariffs

CNBC: Trump tariffs on China will soon bring ‘irreversible’ damage to many American businesses

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  • On Saturday, the Trump administration said it would exempt technology products like the iPhone, PCs and chips from much of the recently imposed Chinese tariffs.
  • But for most businesses in the U.S., orders from China are being canceled and Chinese freight being shipped could be abandoned.
  • Without a wider pause in the trade war with China, the damage will soon be “irreversible” for U.S. businesses, according to a retail expert, including furniture, toys, apparel, footwear, and sports equipment.

Apple’s iPhone and other technology hardware, from chips to PCs, received a China tariff reprieve from President Trump on Saturday, but for much of the U.S. economy and small business owners, the damage will soon be irreversible from the 145% tariffs being imposed on Chinese imports.

Canceled freight orders and abandoned freight from China are quickly becoming the norm in the trade war between the U.S. and China, according to supply chain executives, as businesses across U.S. industries put a full stop on container exports, with the tariffs hitting like a ton of bricks.

“Furniture producers in China have seen a complete halt in orders from U.S. importers, and we’re hearing the same across toys, apparel, footwear, and sports equipment,” said Alan Murphy, founder and CEO of Sea-Intelligence.

“We had the same across Southeast Asia, but after the 90-day reprieve those bookings have restarted,” said Brian Bourke, chief commercial officer for SEKO Logistics, while the cancelled bookings for containers out of China continue. 

“Almost everything is on hold as it relates to China business,” said Alan Baer, CEO of OL USA.

“Trump’s 145% total tariff on Chinese imports would stop most trade between the U.S. and China,” economist Erica York, vice president of federal tax policy at the Tax Foundation’s Center for Federal Tax Policy, said on Thursday on CNBC’s “The Exchange.”

“There may still be some things without any substitutes that companies just have to foot the bill, but for the most part, that cuts it off,” York said.

How can Americans possibly benefit from this?

https://www.cnbc.com/2025/04/12/trump-tariffs-on-china-mean-irreversible-damage-for-most-businesses.html