Understanding Tariffs and Their Impact

What is the primary reason Walmart is warning about potential price increases?

• Increased demand for products

• Seasonal changes

• Shipping delays

• A new wave of tariffs

What is the stated goal of the tariffs reintroduced by President Trump's administration?

• To increase foreign imports

• To lower consumer prices

• To strengthen American manufacturing

• To reduce domestic production

Which of the following countries is facing a flat 10% tariff on certain exports?

• Costa Rica

• Mexico

• Vietnam

• China

How is Walmart attempting to manage the increased costs due to tariffs?

• By cutting back on orders for heavily impacted products

• By closing stores

• By reducing employee wages

• By increasing product sizes

What material is Walmart switching to in certain products to cut down on costs?

• Fiberglass

• Steel

• Wood

• Plastic

Despite tariff challenges, what significant achievement did Walmart's online sales reach?

• First profitable quarter

• Decreased by 10%

• No change in sales

• Closed online operations

Why do consumers tend to shift their shopping habits during economic uncertainty?

• To buy more imported goods

• To support local businesses

• To seek value and lower prices

• To find luxury items

What risk do companies face if they appear to blame the administration for rising costs?

• Increased sales

• Higher stock prices

• Improved public image

• Potential backlash from the government

What advice is given to consumers to manage potential price increases?

• Avoid shopping altogether

• Stock up on favorite items if possible

• Ignore price changes

• Only buy name-brand products

What is still uncertain about the future of tariffs?

• Their effect on global warming

• Their impact on local businesses

• If they will be removed next month

• Whether they will become permanent