Walmart Warns of Price Hikes from Tariffs

Walmart executives are expressing concerns over potential price increases if President-elect Donald Trump implements proposed tariffs, which could be as high as 60% on imports from China. CFO John David Rainey noted that while Walmart aims to maintain everyday low prices, tariffs may necessitate price hikes on some products, particularly those relying heavily on imports, such as electronics and clothing. Approximately two-thirds of Walmart's products are sourced domestically, which could mitigate some tariff impacts. Other retailers, including E.l.f. Beauty and Steve Madden, are also considering price adjustments in response to tariff pressures. The National Retail Federation has labeled these tariffs as a 'tax on American families', predicting they will fuel inflation and job losses. As executives navigate these uncertainties, many are diversifying supply chains away from China to lessen the potential financial burden.