Walmart CFO Warns of Price Increases Due to Tariffs

Walmart and other major retailers are warning of potential price increases if President-elect Donald Trump's proposed tariffs are implemented. The tariffs, which could reach up to 60% on Chinese imports and 20% on all other imports, aim to bolster American manufacturing but are expected to drive inflation and raise consumer prices. Walmart CFO John David Rainey emphasized the company's commitment to low prices but acknowledged that some items might become more expensive due to these tariffs. Economists largely criticize the tariffs, predicting they will lead to higher inflation and minimal economic benefits, with some warning of a negative impact on the U.S. economy. Other companies like AutoZone, Steve Madden, and Columbia have also indicated they might pass the cost of tariffs onto consumers. Despite these concerns, about two-thirds of Walmart's products are domestic and won't be directly affected by the tariffs.