NEW YORK (AP) — Walmart, which became the nation’s largest retailer by making low prices a priority, has found itself in a place it’s rarely been: Warning customers that prices will rise for goods ranging from bananas to car seats.
Executives at the $750 billion company told industry analysts Thursday that they are doing everything in their power to absorb the higher costs from tariffs ordered by President Donald Trump.
Given the magnitude of the duties, however, the highest since the 1930s, higher prices are unavoidable and they will hurt Walmart customers already buffeted by inflation over the past three years.
Trump’s threatened 145% import taxes on Chinese goods were reduced
→ Continue reading at The Associated Press
