Walmart says it plans to raise prices despite lower U.S. tariffs

Walmart on Thursday warned that even softer tariffs on China could soon force the company to raise prices on certain items. 

The world's largest retailer said President Trump's wide-ranging levies on U.S. trade partners are impeding its ability to keep prices low. 

"We can control what we can control," Walmart CEO Doug McMillon said during an earnings call on Thursday. "Even at the reduced levels, the higher tariffs will result in higher prices," he added.