Walmart is a test case for President Trump’s tariff standoff with China jennifersaba
Walmart on May 16 reported that its revenue for the quarter ending April 30 increased 1% year-over-year to $124 billion. Earnings for the period were $3.8 billion, or $1.33 per diluted share, compared with $2.1 billion, or 72 cents per share, for the same quarter last year.
Adjusted earnings were $1.13 per share. Analysts on average expected first-quarter revenue of $125 billion and adjusted earnings of $1.02 per share, according to I/B/E/S data from Refinitiv. Sales at U.S. Walmart stores open at least a year increased 3.4% in the first quarter from a year earlier. Online sales increased 37% compared with the previous quarter’s rise of 43%.
U.S. President Donald Trump raised tariffs to 25% from 10% on $200 billion of Chinese goods on May 10.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As Trump fights with China over trade, U.S.-China economic relationship already being redefinedThe trend of U.S. companies serving Chinese consumers with products made in China could pose a significant challenge to Trump’s “America First” agenda
Read more »
US tariffs on China jump as deadline passes, China immediately says it will retaliateThe Trump administration is hiking duties on $200 billion worth of Chinese products to 25% from 10%.
Read more »
China's Sinopec, CNPC skip Iran oil buys for May as U.S. sanctions waivers end: sourcesChina Petrochemical Corp (Sinopec Group) and China National Petroleum Corp (CNPC...
Read more »
Sinopec, CNPC skip Iran oil purchases for May to avoid U.S. sanctionsChina Petrochemical Corp (Sinopec Group) and China National Petroleum Corp (CNPC...
Read more »
Broad Support for Trump’s China Fight Faces Test as Tariffs EscalatePresident Trump has enjoyed rare bipartisan cheering for his brass-knuckle trade fight with Beijing, but that support will now be tested as U.S. businesses and consumers shoulder higher tariffs on Chinese imports.
Read more »
Calls to harden the West’s defences against China suggest despairErecting barriers against a threatening China may sound rational, but a China that succeeds anyway, and then feels less dependent on outsiders, is not necessarily safer
Read more »
U.S. hikes tariffs on Chinese goods, China says to strike backU.S. President Donald Trump's tariff hike on $200 billion of Chinese goods takes effect by davelawder
Read more »
Trade frictions raise questions about China's fentanyl promiseChina has pledged to stem a flood of the synthetic opioid fentanyl onto America&...
Read more »