Walmart to Raise Prices as Trump’s Tariffs Push Retail Costs Higher
Walmart announced it will increase prices on some products later this month, citing the financial strain caused by President Donald Trump’s trade tariffs.
The company warned that even after the U.S. and China agreed to reduce some tariffs this week, the remaining levies are still too high for Walmart to fully absorb. CEO Doug McMillon, in prepared remarks for Thursday’s earnings call, stated:
“We will do our best to keep our prices as low as possible, but given the magnitude of the tariffs—even at the reduced levels—we can’t absorb all the cost pressure.”
Walmart’s Chief Financial Officer John David Rainey echoed those concerns in an interview with CNBC:
“Consumers will likely start to see higher prices toward the end of this month, and certainly by June.”
Walmart joins a growing list of companies raising prices in response to the 10% universal tariffs on all imports and the ongoing 30% tariffs on most Chinese goods. While the recent agreement between Washington and Beijing brought some relief, the core tariffs remain intact.
So far, these levies have made everyday items—such as strollers, toys, and mattresses—more expensive. Some companies are increasing prices across the board, while others are strategically removing high-cost products from shelves altogether to avoid sticker shock.
According to the Federal Reserve, tariffs have added approximately 0.3% to consumer prices this year.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
