Shares of Walmart (WMT), Target (TGT), and other retailers sank Thursday after the Trump administration 澳洲幸运5官方开奖结果体彩网:announced sweeping reciꦆprocal tariffs against U.S. trading partners.

Shares of Best Buy, Dollar Tree (DLTR), Dollar General (DG), Costco Wholesale (COST), Five Below (FIVE), and Macy's (M) also lost ground amid a 澳洲幸运5官方开奖结果体彩网:broader market decline, with Dollar Tree and Best Buy shares d💯own over 11%, and Five Below shares tumbling 25% in ꦚrecent trading.

President Donald Trump on Wednesday afternoon outlined a broad new set of tariffs against goods from 澳洲幸运5官方开奖结果体彩网:dozens of countries, set to take effect April 9. A number of retailers like Target and Best Buy (BBY) have previously warned that such tariffs could 澳洲幸运5官方开奖结果体彩网:negatively impact their profit margins unless they and their suppliers 澳洲幸运5官方开奖结果体彩网:raise prices.

Amid uncertainty about the impact tariffs will have on the economy, The National Retail Federation on Wednesday projected 澳洲幸运5官方开奖结果体彩网:retail spending growth could slow in 2025.

Several economists 澳洲幸运5官方开奖结果体彩🐬网:warned after Wednesday's announcement that💯 the higher-than-expected tariff rates could lead to higher prices, while some suggested that theꦫ April 9 deadline leaves time for negotiations.

UPDATE—April 3, 2025: This article has been updated since it was first published to reflect more recent share price values.