Alina Selyuch
๐ค SpeakerAppearances Over Time
Podcast Appearances
Ask anyone who sells anything in the U.S.
what's on their mind, and they'll probably say tariff refunds.
government has collected more than $200 billion in tariffs imposed by President Trump, but now the Supreme Court has struck down about half of them.
Anyone who paid those tariffs should get their money back, and that anyone is often small business owners like Sarah Wells in Virginia.
She sells backpacks and other products for new moms for breastfeeding.
And we not only need the money back, but we need a process to get the money back.
Which she hopes will not require hiring lawyers or brokers, extensive paperwork, or years-long litigation.
Walmart has drawn more higher-income shoppers over the past year and continued to do so in the latest quarter.
Executives say they're seeing lower-income shoppers pull back a bit more, while middle-income spending is steady.
Overall, Walmart's sales grew 4.5% between August and October, with the holiday season described as off to a strong start.
Executives say the company has had to raise some prices because of tariffs, especially on electronics, but generally the impact has been less than many expected.
Walmart also announced it's moving its stock listing from the New York Stock Exchange to Nasdaq to reflect its growing digital operations.
Nasdaq tends to have more tech companies and has rivals Amazon and Costco.
Alina Seluh, NPR News, Washington.