The costs of new tariffs are no joke

Imagine you're the top brass at, say, Walmart, and suddenly you realize a large quantity of what you buy and sell at everyday low prices is going to be subject to tariffs. What do you do? If you listen to Walmart earnings calls, this is what they've done, at least according to CEO Doug McMillon: "We're keeping our prices as low as we can for as long as we can." The company's merchants, among other things, "have acted with urgency to avoid what would have been additional pressure for our customers and ...