Here’s what tariffs could make more expensive at Walmart
CNN
Groceries, school supplies, home goods and toys are among goods that could bear a bigger price tag.
Time is running out for Walmart shoppers to avoid higher prices. The retail giant on Thursday warned that its products will become more expensive due to President Donald Trump’s tariffs being “too high.” “We will do our best to keep our prices as low as possible. But given the magnitude of the tariffs, even at the reduced levels announced this week, we aren’t able to absorb all the pressure given the reality of narrow retail margins,” Walmart CEO Douglas McMillon said in an earnings call. The changes will likely take effect by the end of May, and prices will increase “much more” in June, Walmart’s finance chief, John David Rainey, told CNBC. Walmart, which has over 4,600 stores in the United States, gets merchandise from Canada, China, India, Mexico and Vietnam, among other nations. Those countries face at least 10% in tariffs, and imports of steel, aluminum, cars and auto parts face 25% tariffs. “All of the tariffs create cost pressure for us, but the larger tariffs on China have the biggest impact,” McMillon said.
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