Walmart has announced that rising tariffs will soon force it to increase prices, despite efforts to maintain low costs. The White House insists Walmart should absorb these tariffs instead of passing them to consumers. Walmart’s leadership argues that the scale of the tariffs makes this unfeasible, and other major retailers may follow Walmart’s lead.
Key takeaways:
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Walmart plans to raise prices due to new tariffs.
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Trump urges Walmart to absorb tariff costs, but Walmart says it’s not possible.
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Other retailers may also increase prices, following Walmart’s move.
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