Walmart warns of higher prices due to tariffs
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Prices at Walmart will likely start going up later this month due to President Donald Trump’s tariffs, executives said on May 15.
R etail giant Walmart is known for low prices, but those prices are about to go up. On its latest earnings call, CEO Doug McMillon and CFO John David Rainey warned that the compan
Trump tells Walmart to ‘eat’ higher costs brought on by his trade approach as terms like ‘tariffs,’ ‘uncertainty’ and ‘recession’ are coming up more frequently in company earnings calls.
Many investors celebrated the agreement between the U.S. and China to relax trade tensions at least temporarily. Walmart's executives expressed some relief as well in the company's Q1 earnings call. CEO C. Douglas McMillon thanked President Trump and Treasury Secretary Scott Bessent for lowering tariffs on Chinese imports.
Walmart is sending a warning signal to Wall Street that "the full impact of tariffs probably haven't been actually flowing through the economy yet," Morningstar analyst Noah Rohr told Yahoo Finance.
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