Impact of Tariffs on Retail Prices

Big retailers like Target are raising prices due to tariffs linked to President Donald Trump's trade policies, with a $9.99 USB-C cord now priced at $17.99, marking an 80% increase. Other retailers like Walmart are also increasing prices. Executives warn of broader consumer impact ahead.

Trade War Tariffs and Walmart Price Increases

President Trump criticizes Walmart for planning price increases due to trade war tariffs, demanding they absorb the costs instead of passing them on to customers.

Impact of Tariffs on Walmart and U.S. Consumers

Former Walmart CEO Bill Simon suggests Walmart could absorb tariff impacts as polling shows U.S. consumers, particularly swing voters, fear companies will use tariffs to raise prices. Current CEO Doug McMillon acknowledges higher tariffs will result in higher prices due to narrow retail margins.

Apple considering price increases for fall iPhone lineup

Apple is reportedly considering raising prices for its upcoming fall iPhone lineup to justify new features and design changes, rather than blaming pricing on China tariffs. CEO Tim Cook has been under pressure due to the U.S.-China trade conflict but has shifted some manufacturing to India to mitigate risks. The new iPhones are expected to be part of the iPhone 17 lineup.

Egg Shortages in the U.S. due to Avian Influenza Outbreaks

Shortages of eggs in the U.S. are occurring due to cases of Highly Pathogenic Avian Influenza (HPAI) affecting egg-laying hens, particularly in cage-free facilities. The outbreaks have led to temporary localized shortages and price increases, but experts advise against hoarding eggs as supplies are replenished quickly.

Impact of Price Increases on Thanksgiving Plans

A survey found that 37% of Americans say their Thanksgiving plans are affected by price increases. Republicans are most impacted, with 47% affected, while Democrats are least affected at 29%. 25% of Vice President Kamala Harris voters and 48% of Trump voters say price increases affect their plans. Democrats are most likely to expect political arguments at Thanksgiving gatherings.

Disney+ subscription price increases

Disney is facing backlash over price increases for Disney+ subscriptions, leading to a wave of cancellations in the UK. Subscribers are outraged at the significant price hike over the years and are opting to cancel their subscriptions.

U.S. Economy

President Biden is blaming big corporations for price increases due to 'shrinkflation' - reducing package sizes while keeping prices high. He is considering executive actions and new legislation to address this issue.