The U.S. producer price index fell 0.5% in April, yet rising tariffs could alter consumer prices. Walmart announced price increases, citing higher costs from tariffs despite most of its stock sourced domestically. Economists warn that Walmart's actions may set a precedent for other retailers. Retail expert Jason Furman asserted that Walmart's decision reflects concerns about customer reactions more than market conditions. Retail sales remain stagnant, indicating that consumers are cautious, possibly prompted by efforts to avoid price hikes before they occur. Although some tariffs have been reduced, ongoing tariffs on China continue to impact most sectors.