Walmart says Trump's tariffs could mean higher prices

John David Rainey, Walmart’s CFO, recently discussed the potential impact of tariffs on the company’s “everyday low prices” model with CNBC. During the interview, Rainey acknowledged that consumers could see some price hikes if tariffs are enacted. “We never want to raise prices,” he said, “but there will be cases where prices will go up for consumers.”

Trump’s tariff proposals would impose a 10% to 20% tax on imports from all countries, with more severe duties of 60% to 100% on goods from China.

Rainey’s comments reflect mounting concerns across the retail industry. Companies that rely heavily on imported goods are grappling with similar uncertainties about how the tariffs could affect prices.

In September, AutoZone (AZO-1.86%) CEO Philip Daniele warned investors during the company’s earnings call that tariffs could lead to prices increases. “If we get tariffs, we will pass those tariff costs back to the consumers,” Daniele said.

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