U.S. Retail Giants Have Kept Prices Low. But How Long Can It Last?

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 29 April 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for April 29. In the face of rising tariffs, the country’s biggest retailers are trying everything to keep prices low. But WSJ reporter Shane Shifflett says they warn that higher prices may be difficult to avoid and that certain products could become scarce. And Amazon plays down a report that it was considering displaying the impact of tariffs during its online checkout process after President Trump called the company’s founder Jeff Bezos. Plus, BP once aimed to lead the shift to renewables. Energy reporter Matthew Dalton says it’s now doubling down on fossil fuel production in the U.S. Pierre Bienaimé hosts.Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	In an age of unprecedented disruption and opportunity,
0:03.0	success depends on what you do with your data and how fast you do it.
0:07.0	This is the era of AI. This is the era of KX.
0:10.0	KX, survival of the fastest.
0:13.0	Amazon has ruled out displaying the impact of tariffs after criticism from the White House.
0:22.7	Plus, retail giants in the U.S. have managed to keep prices under control, but they say that won't last.
0:29.5	The full impact of those tariffs is yet to be seen, but it is something that will eventually appear in the prices that Americans pay for products on the store shelves
0:38.4	of Walmart, Target, or online in Amazon.
0:40.9	And the Chinese Foreign Ministry denounces the U.S.'s tariff policy in a fiery social media
0:46.0	video.
0:46.9	It's Tuesday, April 29th.
0:48.8	I'm Pierre Bienname for the Wall Street Journal, filling in for Alex Osce.
0:52.4	This is the PM edition of What's News, the top headlines and business stories that
0:56.7	moved the world today.
1:00.0	Amazon was forced to play down a report that it was considering displaying the impact of
1:04.9	tariffs during its online checkout process after President Trump called the company's founder
1:09.5	Jeff Bezos and the White House
1:11.5	Press Secretary said such a move would be a hostile and political act. The company said today it had
1:17.5	considered displaying how much import charges would increase prices on its ultra-cheap shopping website,
1:22.7	Hall. But it added that the idea was, quote, never approved and is not going to happen.
1:28.9	Amazon also said it hadn't considered the idea for the main Amazon site, and no changes had been implemented on any Amazon properties.
1:36.7	Amazon declined to comment on the phone call between Trump and Bezos.
	...

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