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With the threat of tariffs looming despite the White House decision this week to hold back many proposed tariffs for 90 days, import cargo at the major container ports in the United States will likely drop significantly beginning next month, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.

As the company entered its Investment Community Meeting, Walmart CEO Doug McMillion said the company has a “winning formula” that should keep it going strong in 2025 while such factors as tariffs have affected its earnings outlook in the first quarter.

The White House has eliminated the duty-free de minimis treatment for low-value imports from China entering the United States, ending a provision that has allowed deep-discount retailers from China, such as Temu and Shein, to avoid tariffs charged on other imports and maintain lower pricing.