Walmart said it is using billions of dollars in tariff revenue to lower prices as the company moves to appeal to consumers experiencing an affordability pinch due to higher inflation. The Arkansas-based retailer, which reported its earnings on Thursday, has received “substantially all” of the $2.9 billion in tariff refunds it was eligible for, executive…
Refunds for illegal U.S. tariffs are starting to flow to businesses, and consumers could get a cut from companies that have vowed to share that financial relief with customers. The U.S. Customs and Border Protection (CBP) agency can only issue tariff refunds to the so-called importer of record — the entity that directly paid one…
Sen. Elizabeth Warren is pressing companies entitled to refunds for illegal U.S. tariffs to return the money they are recouping directly to consumers. Warren, a Democrat from Massachusetts, on Friday sent letters to Apple, Amazon, Energizer, Motorola, Nike, Target and Walmart seeking information about the size of the refunds they are receiving for import duties…
Flight attendants with WestJet, Canada’s second-largest airline, went on strike Sunday in a dispute over pay. The Canadian Union of Public Employees, which represents the 4,400 cabin crew at the airline, announced the strike on its Facebook page. WestJet, which is a Delta Airlines partner, confirmed the strike and canceled more than 300 flights as…
