The Potential Impact of New Tariffs on the United States | EWTN News Nightly
- Preacher
- Mother Angelica
- Tradition
- Roman Catholic
- Published
- Length
- 3:50
About this sermon
The CEO of one of the largest retailers in the US, Target, is sounding the alarm on Trump's tariffs. In an interview, Brian Cornell said his company relies heavily on Mexican produce, especially during the winter months. The warning comes as the company says sales dropped in February and they're not expected to grow more than around 1% this year. On top of that, Target adds that "tariff uncertainty" will impact profit this quarter. The news comes after Walmart, America's largest retailer, recently warned that 2025 would be a rocky year. And after the announcement of new tariffs by the Trump administration, the stock market has experienced a significant decline. Mark Hamrick, Senior Economic Analyst at Bankrate, joins to discuss how quickly we will see other effects of these tariffs and what they will look like. He shares whether punitive tariffs could prevent deadly drugs from crossing the border. Hamrick provides insight into what tariffs on China could mean for the United States and the rest of the world. Lastly, he offers practical tips on spending less while coping with rising prices due to inflation. ------------ EWTN News Nightly provides the latest news and analysis from a Catholic perspective. Join host Tracy Sabol, our Capitol Hill, White House and Rome Correspondents, as well as many other diverse guests daily, to get the latest from the U.S. and the Vatican on topics regarding our Catholic faith and interests. ------------- EWTN News Nightly airs on EWTN weekdays at 6pm & 9pm ET. ------------ Don't miss an episode of EWTN New Nightly. Get updates here: https://www.ewtn.com/tv/shows/ewtn-news-nightly ------------- Sign up today to receive the EWTN News Nightly newsletter: https://www.ewtn.com/enn ------------- Follow EWTN News Nightly on Social Media: Facebook: https://www.facebook.com/ewtnnewsnightly Twitter: https://twitter.com/EWTNNewsNightly Instagram: https://www.instagram.com/ewtnnewsnightly/ ------------- Subscribe to EWTN YouTube channel here: https://www.youtube.com/user/EWTN ------------- You can support the EWTN News mission: https://bit.ly/3qDR1qf
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