Morning Business Report: Tariffs, Walmart’s Easter meal, and student loan delinquencies

President Trump has announced a 25% tariff on all imported cars and light trucks not made in the U.S., set to begin next week.

(LILAMAX)- President Trump has announced a 25% tariff on all imported cars and light trucks not made in the U.S., set to begin next week. This comes on top of existing tariffs, and Trump believes it will generate an additional $100 billion in tariff revenue for the U.S.

Dollar Tree reports it’s attracting higher-income shoppers and plans to offset tariffs with price hikes. However, the company remains concerned about the impact of tariffs, as many of its items are imported. Dollar Tree also announced plans to sell its struggling Family Dollar chain.

Stocks fell, with tech stocks especially taking a hit, as concerns over lingering tariffs weighed on the market.

Walmart is promoting its 2025 Easter meal kit as cheaper than last year, even though it’s missing one key ingredient—eggs. With the cost of eggs soaring, the kit will still serve eight people for less than $6 per person, lower than 2024’s price.

Student loan borrowers are feeling the pressure as more than 9 million loans are past due, with delinquencies now totaling over $250 billion. Payments resumed last September 30th after the pandemic pause, and borrowers now risk damage to their credit rating