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Wall Mart held Investment community meeting On April 9th to update the shareholders and other attendees in the growth initiatives and its strategies. However, the company issued an unexpected advertisement that was a shock to many.
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The previous retail giant mentioned during Profit call He was confident of her ability to manage any tariff apps because she did so for years and will continue to focus on saving people’s money when shopping in Walmart.
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“The tariff definitions are something that we have for many years, and we will continue to manage it. We have a great team. We know how to do this. Profit call.
President Donald Trump offers a major update to the definitions
President Donald Trump announced in February that he would implement an additional tariff for all the goods imported to the United States from Canada, Mexico and China to enhance the country’s economy.
However, two months later, Trump announced that foreign trade and economic practices have created a national emergency. It has implemented a new and higher tariff for imported products to the United States from many countries, including an additional 10 % foundation tariff.
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But Trump’s mind was changed again when he was taken to his social media platform Social truth On April 9 to announce that it will stop the additional global collective tariffs by 10 % on many countries for a period of 90 days, with the exception of China, as it responded through revenge through a 84 % tariff for American products.
“Based on the lack of respect that China has shown in the world’s markets, I am raising the tariff that China accused by the United States of America to 125 %, effectively. At some point, we hope in the near future, that China will realize that the days of tearing the United States, and other countries are no longer sustainable or acceptable,” Trump wrote in this position.
Walmart pulls profits and guidance for the fiscal year 2026
In a sudden turn of events, Wal -Mart ((WMT)) It announced at the meeting on April 9 that it withdrew its profits in 2026 due to the uncertainty in the global market resulting from the recent tariff changes, which amounted to the ongoing trade war.
This horrific decision comes after US President Donald Trump announced that it would raise the definitions of imports from China to 125 %.
There The latest profitsWalmart had previously expected clear sales growth by 3 % to 4 % and a modified operating income for an increase of 3.5 % to 5.5 % for the fiscal year 2026.
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Although the retail giant completely canceled his directives, he still insists that he is not concerned about the current state of uninterrupted economy. It is still confident of its ability to move in the environment and continue to enhance growth while maintaining low prices for consumers.
Wall Mart, John David Riny, said in a statement. “We have mainly changed our business model during years of strategic investments studied and now we have a financial model that gives much higher returns,” he added.
About two -thirds of Walmart products are cultivated or manufactured in the United States, while the remaining third comes from China and Mexico. As the definitions are increased, the cost of these external products is expected to increase, which makes maintaining low prices more challenging than before.
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