Walmart May Pass Along Price Increases Due to Tariffs, Trump Team Acknowledges
- Walmart announced it will raise prices soon due to tariffs imposed by President Donald Trump in 2025 on imported goods.
- The price increase follows uncertainty in trade negotiations and Trump's demand on social media that Walmart and China 'eat the tariffs' without passing costs to customers.
- Treasury Secretary Scott Bessent and Walmart CEO Doug McMillon acknowledged some tariffs will be absorbed, but the retailer cannot fully bear costs amid narrow margins and rising expenses.
- Experts said Walmart's move provides cover for other retailers facing similar tariff pressures, with Mark Cohen calling it 'air cover' for tens of thousands of retailers raising prices.
- The price hikes suggest broader inflationary pressures and complicate trade talks, while the administration insists foreign producers should absorb tariff costs to protect U.S. Consumers.
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Leaning Left8Leaning Right3Center5Last UpdatedBias Distribution50% Left
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