Walmart to increase some prices due to Trump tariffs
The post Walmart to increase some prices due to Trump tariffs appeared on BitcoinEthereumNews.com. People shop for produce at a Walmart in Rosemead, California, on April 11, 2025. Frederic J. Brown | Afp | Getty Images Price increases are coming soon to a Walmart near you. On Thursday, Walmart CFO John David Rainey warned investors that even the retail giant known for its discounts will have to raise the prices of many items because of tariffs — despite a 90-day reprieve that lowered duties on Chinese imports to 30%. Goods from dozens of other countries face a 10% duty. “We’re trying to navigate this the best that we can,” he said in a CNBC interview. “But this is a little bit unprecedented in terms of the speed and magnitude in which the price increases are coming.” He said the company is committed to keeping prices low relative to competitors and will absorb some of the higher tariff costs, but said shoppers will likely see increases toward the end of May and more in June. And he predicted more markups than usual in the fiscal second quarter, which began earlier this month. As the largest retailer and grocer in the U.S., Walmart offered insight into what shoppers may have to pay more for, and when, at a range of stores and chains around the country. The company on Thursday gave clues about which specific items and departments would be most affected by tariffs. About a third of what Walmart sells in the U.S. is made, grown or assembled in the country, but it relies on goods brought in from dozens of other nations, especially China, Mexico, Vietnam, India and Canada, CEO Doug McMillon said on the company’s earnings call. He said tariffs on countries like Costa Rica, Peru and Columbia have put pressure on the price of imported items, including bananas, avocados, coffee and roses.…
The post Walmart to increase some prices due to Trump tariffs appeared on BitcoinEthereumNews.com.
People shop for produce at a Walmart in Rosemead, California, on April 11, 2025. Frederic J. Brown | Afp | Getty Images Price increases are coming soon to a Walmart near you. On Thursday, Walmart CFO John David Rainey warned investors that even the retail giant known for its discounts will have to raise the prices of many items because of tariffs — despite a 90-day reprieve that lowered duties on Chinese imports to 30%. Goods from dozens of other countries face a 10% duty. “We’re trying to navigate this the best that we can,” he said in a CNBC interview. “But this is a little bit unprecedented in terms of the speed and magnitude in which the price increases are coming.” He said the company is committed to keeping prices low relative to competitors and will absorb some of the higher tariff costs, but said shoppers will likely see increases toward the end of May and more in June. And he predicted more markups than usual in the fiscal second quarter, which began earlier this month. As the largest retailer and grocer in the U.S., Walmart offered insight into what shoppers may have to pay more for, and when, at a range of stores and chains around the country. The company on Thursday gave clues about which specific items and departments would be most affected by tariffs. About a third of what Walmart sells in the U.S. is made, grown or assembled in the country, but it relies on goods brought in from dozens of other nations, especially China, Mexico, Vietnam, India and Canada, CEO Doug McMillon said on the company’s earnings call. He said tariffs on countries like Costa Rica, Peru and Columbia have put pressure on the price of imported items, including bananas, avocados, coffee and roses.…
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