International
Walmart Says Higher Prices Could Hit This Month
UNITED STATES – Walmart says price hikes are coming, and possibly as soon as this month.
UNITED STATES – Walmart says price hikes are coming, and possibly as soon as this month.
The retail giant warning that U.S. shoppers could see higher costs on everything from toys to bananas, thanks to President Trump’s new tariffs on imports, especially goods from China.
Walmart’s CEO says the company will try to keep prices low, but can’t absorb all the pressure, especially on items like electronics and produce.
Chief Financial Officer John David Rainey says shoppers will definitely feel the impact by June.
In Canada, the country’s top grocer is sounding a similar alarm, warning that a wave of tariff-related price hikes is also coming soon.
Despite the challenges, Walmart says its sales are holding up.
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