Walmart CFO says some prices might rise if Trump’s tariffs take effect
“We never want to raise prices,” John David Rainey, the company’s CFO said in an interview with CNBC on Tuesday. “Our model is everyday low prices. But there probably will be cases where prices will go up for consumers.” Trump has proposed a 10 ...
Walmart may have to raise some prices if Trump tariffs take effect, CFO says
The discounter's comments are the latest warning from retail leaders about the potential impact of the tariffs.
Walmart could raise prices when Trump takes office
Trump’s tariffs will cost the average U.S. household more than $2,500 annually, according to an estimate from one prominent Washington, D.C. think tank. Some items that might be made more costly by tariffs aren’t made in the U.S. Products expected to be made more pricey include electronics life smartphones and tablets.
Walmart exec: Prices ‘probably’ will go higher under Trump
He has proposed a 60% tariff on goods from China — and a tariff of up to 20% on everything else the United States imports. To punish the machinery manufacturer John Deere for its plans to move some production to Mexico, Trump vowed to tax anything Deere tried to export back into the United States — at 200%.
Walmart warns it will have to raise prices if Trump’s tariffs are enacted
Walmart warns it will have to raise prices if Trump’s tariffs are enacted - Trump claimed tariffs are the ‘greatest thing ever invented’
Walmart says prices will 'probably' go up if Trump tariffs take effect
Walmart is the latest company to signal price hikes may be on the way if Donald Trump makes good on his tariffs promise.
Trump Tariffs Could Have Significant Impact On Inflation, Bundesbank’s Nagel Says
Donald Trump’s proposed tariffs on goods could upend international trade and threaten higher inflationary pressures, the Bundesbank’s president said.
Trump’s Tariffs Will ‘Probably’ Cause Walmart Price Hikes, CFO Says
The Walmart executive’s comments hint at the trickle-down impact of tariffs, as companies pay the import tax upfront and often pass on the higher input costs associated with these fees to consumers.
Trump’s treasury pick could give an indication of what he plans to do about tariffs
The choice of how Donald Trump fills his highest-profile Cabinet selection, treasury secretary, will be the clearest indication yet of how he intends to wield import tariffs in his new
Sterling Could Rise as U.K. Is Less Exposed to Trump Tariff Plans
Sterling was flat against the dollar and Bank of America said it might still strengthen next year as the U.K. is unlikely to be the focus of Donald Trump’s trade tariff plans.
ECB's Nagel says Trump's tariffs may have minor impact on inflation
The tariffs promised by U.S. President-elect Donald Trump would upend international trade but may ultimately have a "minor impact" on inflation, European Central Bank policymaker Joachim Nagel said. Trump made tariffs a key element of his pitch to voters,
Walmart likely to raise prices if Trump enforces tariffs, CFO says
Walmart has signaled price hikes should be expected if President-elect Donald Trump makes good on his plan to implement a ...
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Furious Walmart shoppers slam 'shameless' store after Trump tariff warnings
A quarterly earnings presentation shows Walmart's business booming just as the brand has admitted it may have to raise prices ...
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Walmart hikes its outlook again as shoppers spend more outside the grocery aisles
In a CNBC interview, Chief Financial Officer John David Rainey said sales of general merchandise — outside of the ...
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Walmart heads into official start of holiday season with momentum after robust results
"We're encouraged by the steady momentum building across the business," Walmart finance chief John David Rainey told analysts during Tuesday's earnings call. The company is among the first major ...