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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.
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.
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 ...
Walmart, the nation's largest retailer, suggested on Tuesday after reporting results that prices could increase if tariffs rise. Walmart, other US companies raise concerns over proposed Trump ...
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 ...
In fact, WalMart’s Rainey isn’t the only U.S. business leader preparing people for increased prices under the proposed tariffs. Best Buy CEO Corrie Barry reportedly said electronics could get ...
The retail federation said while some U.S. manufacturers could benefit from the tariffs, the gains to U.S. producers and the Treasury from tariff revenue do not outweigh overall losses to consumers.
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 ...