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Retail CEOs: Low Prices Can’t Last in Face of Tariffs

  • Retailers in the United States warn that low prices cannot last in the face of tariffs.
  • CEOs of Walmart, Target, and Home Depot assured the White House they would try to keep prices down for as long as possible.
  • Retailers have taken measures such as putting orders on hold and canceling vendor orders from China in response to tariffs.
  • Consumer spending is expected to decline due to tariff-related uncertainty, which could negatively impact the U.S. economy.

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