Walmart warns of potential price increases if Trump enacts proposed tariffs

Walmart has warned customers that prices may rise if President-elect Donald Trump implements proposed tariffs on imports. The retailer's finance chief stated that tariffs would likely increase costs for consumers, particularly since 70% to 80% of Walmart's products come from China. Trump has suggested tariffs as high as 60% on Chinese imports and 20% on other goods. Walmart plans to work with suppliers to manage prices but acknowledges that they cannot avoid the inflationary impact of tariffs. The National Retail Federation has stated that tariffs are effectively a tax on U.S. importers, not foreign countries. Experts warn that these tariffs could lead to higher prices for consumers as companies may raise prices beyond the cost of the tariffs.