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Walmart"s CFO, John David Rainey, indicated that the retailer may need to raise prices on some items if proposed tariffs by President-elect Trump are implemented, despite the company"s commitment to everyday low prices. While two-thirds of Walmart"s products are domestically sourced, the potential tariffs could still lead to inflationary pressures on consumers. Other retailers, like Lowe"s, are also preparing for increased costs due to these tariffs, which could impact their supply chains significantly.
Matthew Shay
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
walmart warns of potential price increases due to proposed trump tariffs
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Tarang Amin
Matthew Shay
John David Rainey
Brandon Sink
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15:58 19.11.2024
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