Walmart's CFO indicated that consumers should prepare for price increases due to the Trump administration's high tariffs, which the company cannot fully absorb. Rainey emphasized that while Walmart often strives to maintain low prices, the current tariff levels create a situation where both the company and its suppliers can only absorb so much of the cost. Walmart imports a significant portion of its goods from countries, with China being the most substantial source. CEO Doug McMillon reaffirmed this sentiment in a recent earnings call, stressing the inevitable price hikes resulting from the tariffs.
The higher tariffs will result in higher prices.
We're wired for everyday low prices, but the magnitude of these increases is more than any retailer can absorb.
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