Overview

• Walmart has announced it will raise prices due to tariffs, citing the inability to absorb rising costs any longer.
• Target has pledged to offset most tariff impacts to maintain competitive pricing, though experts question its feasibility.
• Home Depot plans to avoid broad price increases but may discontinue certain items affected by tariff costs.
• Treasury Secretary Scott Bessent acknowledged that consumers ultimately bear tariff costs, despite administration pressure on retailers to absorb them.
• Consumer inflation expectations have surged to 7.3%, the highest since the 1980s, reflecting growing anxiety over rising prices.