Walmart to Raise Prices Due to Tariffs
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10hon MSN
Walmart warns of potential price hikes due to tariffs, despite strong Q1 results and e-commerce growth. The retailer remains optimistic about future sales.
Walmart executives are warning that prices are likely to increase soon, saying the tariffs imposed by the Trump administration are "still too high."
Walmart’s sales rose 2.5 percent, narrowly missing analyst expectations. Experts say the retail giant may be better situated than some competitors to endure a trade war.
While Walmart CFO John David Rainey lauded Trump's recent tariff cuts, he said rates remain too high, which could cause uncertain shopper behavior.
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