Walmart warned Thursday that price increases look certain — possibly within weeks — reinforcing that even the world’s biggest retailer is not immune from President Donald Trump's trade war.
"We're positioned to manage the cost pressure from tariffs as well or better than anyone, but even at the reduced levels, the higher tariffs will result in higher prices,” Walmart chief executive Doug McMillon said Thursday during a call with analysts after the company reported quarterly results.
Several major brands have warned that Trump’s tariff campaign could raise prices, stymie supply chains and push inflation-battered consumers to a breaking point. But analysts have said that Walmart’s growing popularity with high-income shoppers could allow it to pass on costs to those who can afford them while holding the line on essentials.
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