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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.
An unfortunate consequence of high tariffs against trade partners, however, is that it forces American retailers to raise their prices as a response — the tariffs drive foreign importers to ...
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 ...
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 ...
But Walmart could have a leg up in a tariff-heavy environment. D.A. Davidson analyst Michael Baker said the retail giant, given its scale, can maintain margins should further tariffs go into effect.
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 ...
"The war in Ukraine would have never happened if I were President," he added, echoing a line that he repeated throughout his election campaign. Trump said meeting with Putin would be arranged