Walmart CFO Says They Don't Want To Raise Prices, But 'Prices Will Go Up For Consumers' Due To Upcoming Tariffs
Walmart’s CFO, John David Rainey, recently said that if President-elect Donald Trump's proposed tariffs take effect, Walmart (NYSE:WMT) will need to raise prices on certain items. Speaking with CNBC,
Walmart CFO warns tariffs could lead to higher prices
On FOX business last week, the chief financial officer for Walmart warned proposed tariffs could lead to higher prices on certain goods in the new year.
Walmart will likely raise some prices if Trump tariffs take effect, CFO says
Walmart’s CFO John David Rainey said the retailer would likely have to raise prices on some items if President-elect Donald Trump’s proposed tariffs take effect.
Walmart Says It Will ‘Probably’ Raise Prices, and the Controversial Reason Is Eye-Opening
The question now is how business leaders should react and prepare -- especially in the context of other early warning signs.
Walmart CFO keeps eye on prices, tariffs
Walmart is looking to continue to attract high-income consumers with the right price mix, even as CFO John Rainey anticipates price hikes in the face of potential tariffs.
‘Walmart is preparing to roll over its customers’: Customer issues warning about Lowes, Walmart prices
A content creator is going viral on TikTok after spreading the news that Walmart and Lowe’s are in danger of raising their prices. His video came after the CFO of Walmart and CEO of Lowe’s expressed concern that President-elect Donald Trump’s proposed tariffs could make products more expensive.
Walmart reveals impact of Trump’s tariff plan, and social media is not happy
Walmart isn’t the only store to suggest that prices could rise. Per CNBC, Lowe’s CFO Brandon Sink said that “about 40% of the company’s cost of goods sold comes from outside the U.S., including direct imports and merchandise from national brands.
Walmart executive says some prices might rise if Trump’s tariffs take effect
A Walmart executive warned that President-elect Trump’s plans to raise tariffs on imports could drive the retail giant to increase the price of store items.
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.
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