Walmart Warns Its Prices Will Go Up Because of Tariffs
Walmart said it will raise prices on some products because of the Trump administration’s tariffs on Chinese goods. Walmart Chief Financial Officer Brett Biggs didn’t specify which items. However, he said Walmart’s merchant teams have been working to figure out ways to mitigate the cost increases and working with its suppliers to keep the prices as low as possible.
“We’re going to continue to do everything we can to keep prices low. That’s who we are. However, increased tariffs will lead to increased prices, we believe, for our customers.”
Read more at CNN Business.