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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Hundreds of reporters fired as Trump guts agency
Hundreds of Voice of America (VOA) journalists have been laid off by the Trump administration, effectively dismantling the US-funded news outlet, which was created during WWII to combat propaganda. The administration cited dysfunction and bias as reasons for the firings, which have resulted in over 85% of VOA's staff losing their jobs since March, raising concerns about the future of independent journalism that supports democratic ideals. Need More Context? 🔎
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