Walmart to Raise Prices Due to Tariffs
Digest more
Walmart executives are warning that prices are likely to increase soon, saying the tariffs imposed by the Trump administration are "still too high."
You might want to prepare for things to pay more at Walmart. The company’s CFO, John David Rainey, told CNBC that the Trump administration’s tariffs are “still too high” and that consumers could see higher prices “likely towards the tail end of this month, and then certainly much more in June.”
Walmart wheeled its trolley cart right into President Donald Trump’s ankles. The largest U.S. retailer and a bellwether for consumers said on Thursday that tariffs would force it to raise prices, just a month after it expressed confidence that it would keep them low.
Explore more