Amazon Cancels Orders, Walmart Pulls Forecast As Tariffs Take Hold Amazon has abruptly canceled orders for beach chairs, scooters, air conditioners, and other merchandise sourced from China and other Asian countries hit hard by President Trump’s tariff blitz last week and reinforced overnight. Meanwhile, Walmart has scrapped its Q1 2025 operating income guidance amid the deepening trade war. The effective tariff rate on Chinese goods imported to the U.S. now exceeds 100%, while Beijing has responded with an 84% effective tax rate on all U.S. imports. Here’s more from Bloomberg: According to a document reviewed by Bloomberg and people familiar with the matter, the… — Continue at ZeroHedge News : Read More
