Walmart CFO: We'll Likely Hike Prices if Trump Brings in Tariffs
Walmart had a better-than-expected third quarter, but consumers might not reap the benefits of that for long if President-elect Trump's threatened tariffs on imports come to pass. Trump said during his campaign that he plans on imposing a 10% to 20% tariff on imports in general,
Walmart, Lowe’s Raise Alarm on Trump Tariffs. What Their Warning Means for Markets and 5 Other Things to Know Today.
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'We're concerned': Walmart, Lowe's among latest companies to warn Trump tariffs could raise product costs
Major American retailers Walmart ( WMT) and Lowe’s ( LOW) raised concerns that President-elect Donald Trump’s proposed tariffs would make their products more expensive just as consumers are beginning to recover from the impacts of inflation.
Walmart warns it will have to raise prices if Trump’s tariffs are enacted
Rainey said it is too early to say which products would go up in price but that most of Walmart’s products are made, grown or assembled domestically, making them safe from drastic price increases. Additionally, Walmart imports goods from a range of countries.
Walmart may have to raise some prices if Trump tariffs take effect, CFO says
The discounter's comments are the latest warning from retail leaders about the potential impact of the tariffs.
Walmart exec warns customers Trump’s tariffs could mean higher prices
Our model is everyday low prices,” CFO John David Rainey said. “But there probably will be cases where prices will go up for consumers.”
Walmart exec: Prices ‘probably’ will go higher under Trump
He has proposed a 60% tariff on goods from China — and a tariff of up to 20% on everything else the United States imports. To punish the machinery manufacturer John Deere for its plans to move some production to Mexico, Trump vowed to tax anything Deere tried to export back into the United States — at 200%.
Walmart CFO signals potential price hikes due to Trump's tariff plans
Walmart CFO John David Rainey said on Tuesday that President-elect Donald Trump's sweeping tariff plan may require the retailer to raise prices on some of its products
Walmart, Other US Companies Raise Concerns Over Proposed Trump Tariffs
Numerous major U.S. corporations addressed tariffs at recent investor events and on conference calls, including some after the Nov. 5 election, when Trump edged out sitting Vice President Kamala Harris.
Walmart says prices will 'probably' go up if Trump tariffs take effect
Walmart is the latest company to signal price hikes may be on the way if Donald Trump makes good on his tariffs promise.
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