Tariffs could raise prices on clothing, toys, furniture, appliances, footwear and travel goods, particularly items where China is a major supplier.

A Walmart executive warned that President-elect Trump’s plans to raise tariffs on imports could drive the retail giant to increase the price of store items. “We never want to raise prices,” John David Rainey,

Walmart has signaled price hikes should be expected if President-elect Donald Trump makes good on his plan to implement a broad tariff regime. The retailer's CFO John David Rainey said the company would likely have to raise its prices,