“President Trump is telling some of the nation’s largest companies that they should eat the cost of his tariffs, as a growing number of businesses signal that they must raise prices to blunt the impact of a persistent global trade war,” the New York Times reports.
“As a result, the man who ran for the presidency by boasting about his business acumen is now openly sparring with corporate America, seeking to dictate how Walmart, Mattel, and other retailers and manufacturers respond to some of the highest levies seen in decades.”
“Since the spring, the United States has imposed a 10 percent tariff on nearly every nation, with steeper duties reserved for specific products and countries, including a minimum 30 percent tax on Chinese imports.”
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