Walmart warns of higher prices if Trump implements proposed tariffs

Published On Nov 21, 2024, 2:29 PM

Walmart has warned that if President-elect Trump implements proposed tariffs, it could lead to higher prices for consumers. The tariffs may range from 10%-20% on imports from all countries and as high as 60%-100% specifically on Chinese imports. Despite two-thirds of Walmart's products being made in the U.S., they still rely on global suppliers, and these tariffs are expected to be inflationary, affecting various categories such as apparel and household goods. The National Retail Federation predicts that these potential tariffs could cost American consumers between $46 billion and $78 billion annually in reduced spending power.