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0 -0.00624616014745033 -0.00675814048740518 -0.00675814048740518 -0.00624616014745033 -0.0118779438869547 -0.0241654720458733 -0.022885521195986
Stock impact report

Posthaste: Americans are scrambling to stock up at Costco, Best Buy before tariffs jack up prices [Yahoo! Finance Canada]

Gap, Inc. (The) (GAP) 
US:NYSE Investor Relations: greatatlanticinc.com
Inc yoga gear before the tariffs imposed by President Donald Trump start to jack up prices on the shelves, according to media reports. The day after Trump's so-called Liberation Day last Wednesday, billionaire businessman Mark Cuban posted a warning to Americans on social media platform Bluesky. “It's not a bad idea to go to the local Walmart or big box retailer and buy lots of consumables now. From toothpaste to soap, anything you can find storage space for, buy before they have to replenish inventory,” Cuban wrote. “Even if it's made in the USA, they will jack up the price and blame it on tariffs,” he added. Clothing industry groups also warned that American consumers should expect to pay more for clothes and shoes, about 97 per cent of which are imported, mainly from Asia. Most of the clothing sold at Gap Inc., Lululemon and Nike Inc. are made in Asian countries, which face the stiffest tariffs. Under the president's plan to punish countries for trade imbalances, Vietnam Show less Read more
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