But the president says China would be paying.Walmart warned Thursday that it will have to raise prices on its products after the Trump administration slapped additional tariffs on goods imported from China.
“We’re monitoring the tariff discussions and are hopeful that an agreement can be reached,” the retail giant's chief financial officer, Brett Biggs, told The Associated Press, adding that increased tariffs "will lead to increased prices for our customers.”
[...]
Walmart did not specify the scope of the price hikes, but the warning was echoed by Macy’s CEO, Jeff Gennette, who reportedly told investors that prices for both store label and national brands could rise if another round of tariffs are slapped on China.
The Hill
All this winning.Walmart’s vendors have already started raising prices, including Del Monte, which supplies fresh and packaged goods to Walmart, including mandarin oranges imported from China.
“It’s not just tariffs. Transportation costs are up, labor costs are up. It’s an inflationary environment,” Del Monte CEO Greg Longstreet told Reuters. “A lot of that’s going to have to be passed on. The consumer is going to have to pay more for a lot of critical goods.”
When Trump campaigned that there'd be so much winning we'd beg him to stop, turns out he was half right.
...but hey, do what you want...you will anyway.
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