CEO Todd Vasos said the company has worked to reduce its exposure to China — and limit price hikes for shoppers.

The retailers is running back the 2018/2019 playbook

Despite promised blowback from Europe, Donald Trump formally raised steel and aluminum tariffs to 50% from 25% on Tuesday. The move by the president raises trade tensions at a time when the US is locked in negotiations with numerous trading partners over his so-called “reciprocal” duties before a July 9 deadline.

President Donald Trump has said that if the U.S. is not allowed to implement tariffs, it "doesn't have, even a small chance, of economic survival."

The White House said Tuesday that President Donald Trump has signed an executive order to double tariffs on imported steel and aluminum to 50% from 25%.

The ruling, handed down late on Monday by U.S. District Judge Jacqueline Corley in San Francisco, did not delve into the merits of California's lawsuit. Now, three separate U.S. a