Walmart to raise prices due to President Trump’s Tariffs
By Brittany Bernstein | National Review
Walmart said Thursday it plans to raise prices on some goods beginning later this month, in response to President Trump’s tariffs.
“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 Doug McMillon is expected to say during a Thursday earnings call, according to prepared remarks obtained by several media outlets.
The U.S. and China agreed earlier this week to lower their respective reciprocal tariffs for 90 days as they look to end a bruising trade war between the world’s two largest economies. The U.S. reduced the tariff on Chinese imports from 145 pe...
