Walmart CFO says some prices might rise if Trump’s tariffs take effect

Walmart executive says some prices might rise if Trump's tariffs take effect

(The Hill) -- A Walmart executive warned that President-elect Trump’s plans to raise tariffs on imports could drive the retail giant to increase the price of store items. “We never want to raise prices,” John David Rainey, the company’s CFO said in an interview with CNBC on Tuesday. “Our model is everyday low prices. But there probably will be cases where prices will go up for consumers.” Trump has proposed a 10 percent to 20 percent tariff on a…

Walmart Warns Of Possible Price Hikes If Trump’s Tariffs Take Effect

Walmart Warns Of Possible Price Hikes If Trump’s Tariffs Take Effect

'We’re not immune': Walmart warns price hikes ahead if Trump follows through with plan

Walmart — the world's largest retailer — issued a warning to customers that they may pay more for the same products if President-elect Donald Trump makes good on his promise to impose new tariffs on imports.Walmart's finance chief, John David Rainey, acknowledged that new tariffs would likely be passed on to the people buying goods imported from overseas, Fortune reported Friday. Currently, anywhere from 70% to 80% of goods sold at Walmart are m…

'Not immune': Walmart confirms new tariffs will mean higher prices for customers

Walmart — the world's largest retailer — is now issuing a warning to customers that they may be paying more for the same products if President-elect Donald Trump makes good on his promise to impose new tariffs on imports.Fortune reported Friday that Walmart's finance chief, John David Rainey, has acknowledged that new tariffs would likely be passed on to the people buying goods imported from overseas. Currently, anywhere from 70% to 80% of goods…

Walmart warns of higher prices if Trump implements proposed tariffs

Potential tariffs could cost American consumers between $46B and $78B in annual spending power, the National Retail Federation says.

Walmart And Lowe's Warn That Trump's Tariffs May Cause Price Hikes

"There probably will be cases where prices will go up for consumers," Walmart's CFO said.