Tariffs could raise prices on clothing, toys, furniture, appliances, footwear and travel goods, particularly items where China is a major supplier.

Walmart might have to hike costs if some of President-elect Trump's tariffs take effect, the company's CFO told CNBC's Melissa Repko on Tuesday. Why it matters: Consumers could lose between $46 billion and $78 billion in spending power each year if new tariffs on imports to the U.

Walmart has signaled price hikes should be expected if President-elect Donald Trump makes good on his plan to implement a broad tariff regime. The retailer's CFO John David Rainey said the company would likely have to raise its prices,