Walmart Announces Price Hikes Due To Trump’s Tariffs

CNN reports:

Walmart, the world’s largest retailer, warned that is not immune from President Donald Trump’s tariffs. It plans to raise prices on some items as Trump’s global trade war sends the company’s costs higher. “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 will tell analysts Thursday on an earnings call.

Walmart sent out several prepared remarks from executives before the call. Walmart said the price hikes will begin later this month. “I’m concerned that consumer is going to start seeing higher prices. You’ll begin to see that, likely towards the tail end of this month, and then certainly much more in June,” Walmart finance chief John David Rainey said in an interview with CNBC Thursday.

Read the full article.

Walmart warns it will raise prices because of tariffs

www.cnn.com/2025/05/15/b…

[image or embed]

— Ralph Berrios (@brooklyn305.bsky.social) May 15, 2025 at 7:49 AM