Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will

Published On Nov 22, 2024, 5:05 PM

Walmart warns that the proposed increase in tariffs by President-elect Trump will likely burden American consumers, rather than foreign exporters. The company’s finance chief highlighted the inflationary impact of tariffs, stating that any increases in import duties would result in higher prices for everyday goods, as the burden will be passed onto consumers. Walmart aims to mitigate these costs through negotiations with suppliers but can't avoid the inevitable price hikes. This could fuel dissatisfaction with the economy, especially with regards to rising living costs.