Walmart may have to raise some prices if Trump tariffs take effect, CFO says
The discounter's comments are the latest warning from retail leaders about the potential impact of the tariffs.
Walmart warns prices to skyrocket under Donald Trump as CFO reveals how to cut costs
The retail and grocery giant expressed concern that President-elect Donald Trump's tariff proposal will impact consumers' wallets.
Walmart says prices will 'probably' go up if Trump tariffs take effect
Walmart's CFO said that Trump's proposed tariffs could lead the retailer to raise prices.About one-third of the retailer's products are imported, mostly in non-grocery items.During Trump's previous term,
Trump’s Tariffs Will ‘Probably’ Cause Walmart Price Hikes, CFO Says
The Walmart executive’s comments hint at the trickle-down impact of tariffs, as companies pay the import tax upfront and often pass on the higher input costs associated with these fees to consumers.
Walmart exec: Prices ‘probably’ will go higher under Trump
He has proposed a 60% tariff on goods from China — and a tariff of up to 20% on everything else the United States imports. To punish the machinery manufacturer John Deere for its plans to move some production to Mexico, Trump vowed to tax anything Deere tried to export back into the United States — at 200%.
Walmart CFO: Trump’s Tariffs Mean Higher Prices for Shoppers
During a recent interview with CNBC, Walmart CFO John David Rainey explained how the policy could force the company to adjust its everyday low-price strategy. “Our model is everyday low prices,” Rainey said.
Walmart says price hikes likely if Trump tariffs take effect
Prices on products that rely heavily on imports, such as electronics, toys and clothes, would be likely to rise, ABC News reported. Trump's transition responded by saying his first-term tariffs "created jobs, spurred investment, and resulted in no inflation."
Walmart issues inflation warning as Trump preps massive tariff hikes
Trump says tariffs are a 'tax on foreign countries.' The world's largest retailer says Americans will pay more.
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Walmart CFO: “We’ll Likely Raise Prices If Trump Raises Tariffs”
Walmart Inc. is ready to raise some of its prices if President-elect Donald Trump follows through on his trade threats.
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Walmart will likely raise some prices if Trump tariffs take effect, CFO says
National Retail Federation CEO Matthew Shay described across-the-board tariffs as “a tax on American families.” ...