Major retailers like Walmart and Home Depot recently reported earnings, revealing how they're handling President Trump's tariffs. While tariff costs are rising, retailers are using strategies like diversifying sourcing and strategic price increases to minimize the impact. Consumer spending remains relatively strong, although lower-income households are more sensitive to price changes. Some companies, like Crocs, express concern about weaker consumer demand. Overall, retailers have successfully mitigated the immediate effects of tariffs, but higher costs are expected to continue.

Prepared by Christopher Adams and reviewed by editorial team.