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A Walmart spokesperson told Fortune that any price changes are speculative at this point, but future tariff-induced cost increases would be an additional burden to already price-sensitive shoppers.
Trump has floated the idea of 60% tariffs on China, the world's largest exporter, and universal tariffs of 10% or more, which he says is necessary to eliminate the U.S. trade deficit.
For the current year, Wall Street analysts expect Walmart's revenue growth rate to slow to 4%, hinting at anxiety over tariffs. A Walmart spokesperson declined to comment, saying the company was ...
As a result, Walmart’s CFO John David Rainey recently stated that if the tariffs are implemented, Walmart will have to respond. “We never want to raise prices,” he stated. “Our model is ...
Arkansas-based Walmart, the world’s largest retailer that traditionally has catered to working- and middle-class Americans, warned the President-elect’s plans to hike import duties across the ...
And according to Tax Foundation estimates, Trump’s proposed tariffs could generate $1.2 trillion in tax revenue, however, at the same time, they could cost the country 344,900 jobs and reduce ...
Stocks on Wall Street fell Thursday after Walmart warned inflation and tariffs could slow down sales for the year. The sour forecast from the world’s largest retailer dragged down the Dow by ...
WASHINGTON (Reuters) - U.S. President Donald Trump said on Wednesday he would add new tariffs to his sanctions threat against Russia if the country does not make a deal to end its war in Ukraine ...