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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.
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 ...
Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers. ... Arkansas-based Walmart, the world’s ...
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 ...
Global map of countries by tariff rate, applied, weighted mean, all products (%), 2021, according to World Bank. This is a list of countries by tariff rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Import duty refers to taxes levied on imported goods, capital and ...
Some businesses have already warned of price increases should Trump implement broad tariffs. Walmart CFO John David Rainey told CNBC in November that if Trump's tariff proposals go into effect ...
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 ...