institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

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.
Insights by Ground AI
Does this summary seem wrong?
Podcasts & Opinions

43 Articles

All
Left
8
Center
5
Right
3
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 50% of the sources lean Left
50% Left
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

in.gr broke the news in Greece on Sunday, May 18, 2025.
Sources are mostly out of (0)