Walmart CFO says some prices might rise if Trump’s tariffs take effect

Walmart CFO John David Rainey warned that President-elect Trump’s proposed tariffs on imports could lead to higher prices for consumers, despite the company’s commitment to maintaining low prices.

Trump’s plan includes tariffs of 10-20% on all imports and up to 60% on Chinese goods.

While Walmart sources a large portion of its products domestically, Rainey acknowledged that tariffs are inflationary and said the company will work with suppliers to minimize price increases, The Hill has reported.

read more: https://thehill.com/business/4998684-walmart-trump-tariffs-prices/

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