Walmart to Raise Prices Because of Trump TariffsBy Brittany Bernstein
May 15, 2025 8:24 AM
Walmart said Thursday it plans to raise prices on some goods beginning later this month, in response to President Trump’s tariffs.
“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 announced this week, we aren’t able to absorb all the pressure given the reality of narrow retail margins,” Walmart CEO Doug McMillon is expected to say during a Thursday earnings call, according to prepared remarks obtained by several media outlets.
The U.S. and China agreed earlier this week to lower their respective reciprocal tariffs for 90 days as they look to end a bruising trade war between the world’s two largest economies. The U.S. reduced the tariff on Chinese imports from 145 percent to 30 percent. China reduced its tariff on American goods from 125 percent to 10 percent.
Still, Walmart said the “lack of clarity that exists in today’s dynamic operating environment makes the very near-term exceedingly difficult to forecast.”
The planned price hikes come even as Walmart said sales at its U.S. stores rose more than 3 percent in its most recent quarter, which ended in April. The company, which is the largest retailer in the U.S., also saw its e-commerce sales increase more than 20 percent.
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