ExclusiveWalmart to Raise Prices Because of Tariffs, Starting Later This Month

Walmart, the world's largest retailer, said on Thursday that it plans to raise prices on some items because of President Donald 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 McMillan would tell analysts Thursday on an earnings call, according to prepared remarks shared by the company. Walmart CFO John David Rainey said the price hikes will begin later this month. I'm concerned that consumer is going to start seeing higher prices. You'll begin to see that likely towards the tail end of this month, and then certainly much more in June, he told CNBC.