Walmart, Target Raise Prices Up to 45% After Tariffs

Walmart and Target have both implemented significant price increases on various products, including toys, electronics, and household essentials, with some items rising by up to 45% following tariffs imposed under President Donald Trump's administration. Employees and customers have highlighted specific examples, such as a Jurassic World t. rex toy increasing from $39.92 to $55 and a Baby Born doll jumping from $34.94 to $49.97, sparking viral discussions online. Walmart executives, including CEO Doug McMillon and CFO John David Rainey, acknowledge the challenge of maintaining low prices due to these tariffs and narrow retail margins. Target has also raised prices to align with Walmart in response to increased costs. The toy industry is particularly affected because of its reliance on Chinese imports. Public frustration has grown, with advocacy groups organizing boycotts and criticizing both retailers' pricing strategies and the broader economic impact.