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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.
Walmart revenue rose by roughly 5% to $680.47 billion for the year ending January 31, 2025, according to LSEG estimates ahead of the results. Walmart faces some tariff challenges as Wall Street ...
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 made a number of tariff promises on the campaign trail, including a “universal tariff” for all imported goods of 10% to 20% and one of 60% or more for goods specifically from China.
United States–Canada–Mexico trade war Date February 1, 2025 (2025-02-01) – present (2 weeks and 6 days) Location United States Canada Mexico Status Ongoing U.S. tariffs on Canada and Mexico set to begin on March 4 after both countries negotiate a one-month delay Parties United States Canada Mexico Lead figures Donald Trump Justin Trudeau Claudia Sheinbaum A trade war began between the ...
He’s also promised even higher tariffs against China, ranging from 60% to 100%. ... As a result, Walmart’s CFO John David Rainey recently stated that if the tariffs are implemented, Walmart ...
“A tariff is a tax paid by the U.S. importer, not a foreign country or the exporter,” NRF vice president Jonathan Gold said in a statement published one day prior to the November elections ...