Home Depot announced its intention to maintain steady prices, responding to President Trump’s criticism of Walmart’s warnings about impending price hikes due to tariffs on Chinese goods. CFO Richard McPhail stated that the company is working with suppliers and shifting production away from China, aiming for no foreign country to account for over 10% of purchases within a year. This commitment follows Trump’s assertion that Walmart should absorb tariffs instead of passing costs to consumers, despite evidence that businesses often transfer tariff-related costs to customers.
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Things to know about the Voting Rights Act
The Voting Rights Act of 1965, signed by President Lyndon Johnson to combat racial discrimination in voting, abolished practices like poll taxes and literacy tests, and established preclearance for states with histories of voter suppression. Despite its initial protections, the 2013 Supreme Court decision in Shelby v. Holder weakened these safeguards, allowing states to impose restrictive voting laws, leading to ongoing legal challenges and legislative actions regarding voting rights. Want More Context? 🔎
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