【Loyalty Test (2024) Hindi Web Series】
President Donald Trump's sweeping tariffs will soon mean higher prices at Walmart — and Loyalty Test (2024) Hindi Web Seriesthat's coming directly from a top executive at the retail giant.
Chief Financial Officer John David Rainey told CNBC in an interview that tariffs were "still too high" and that American customers would shoulder that cost in the coming weeks.
SEE ALSO: Want to avoid tariff price hikes? Shop our giant list of 81 refurbished tech deals."We're wired for everyday low prices, but the magnitude of these increases is more than any retailer can absorb," he told CNBC. "It’s more than any supplier can absorb."
Rainey said he was "concerned" that consumers were "going to start seeing higher prices" as a result of the tariffs. Those hikes could come as soon as the end of May, he said, "and then certainly much more in June."
You May Also Like
Rainey confirmed to CNBC that a recent deal between the U.S. and China — temporarily dropping tariffs from 145 percent to 30 percent — was not enough of a cut to keep prices flat.
SEE ALSO: Walmart denies tariffs caused reinstatement of 'basket fee'Walmart recently made headlines when it reinstated a $6.99 "basket fee" for certain grocery orders, which some claimed was due to Trump's tariffs. The company told Mashable, however, that the fee was unrelated to tariffs.
But as Walmart's own CFO confirmed, that doesn't mean tariffs won't cost you at Walmart — and very soon.
Topics Donald Trump Tariffs
Search
Categories
Latest Posts
NYT Strands hints, answers for May 2
2025-06-26 16:00CNN drops Donna Brazile after WikiLeaks releases email
2025-06-26 15:30This is how the White House is readying for a digital transition
2025-06-26 14:53Put Me In, Coach!
2025-06-26 14:24Popular Posts
Best Garmin deal: Save over $100 on Garmin Forerunner 955
2025-06-26 16:01Idris Elba shuts down Madonna dating rumours in 1 very blunt tweet
2025-06-26 15:14Wild Bieber sightings reported across Scotland and Ireland
2025-06-26 14:54Best iPad deal: Save $132 on Apple iPad (10th Gen)
2025-06-26 13:45Featured Posts
Best Apple deal: Save $60 on the Apple Watch SE
2025-06-26 16:05This is how the White House is readying for a digital transition
2025-06-26 15:51A Maori man performed this soul
2025-06-26 15:33Draper vs. Arnaldi 2025 livestream: Watch Madrid Open for free
2025-06-26 13:59Popular Articles
Here are the glorious proposed logos for Donald Trump's Space Force
2025-06-26 15:32Nobody should buy the new 13
2025-06-26 14:51Scientists built a 'nightmare machine' just to scare you senseless
2025-06-26 14:11Fyre Festival and Trump’s Language
2025-06-26 13:23Newsletter
Subscribe to our newsletter for the latest updates.
Comments (48881)
Progress Information Network
Google Pixel Buds Pro 2: $40 off at Amazon
2025-06-26 15:19Fresh Information Network
This office's 'Game of Thrones' Halloween photoshoot is truly epic
2025-06-26 15:12Style Information Network
CNN drops Donna Brazile after WikiLeaks releases email
2025-06-26 14:57Leadership Information Network
This office's 'Game of Thrones' Halloween photoshoot is truly epic
2025-06-26 14:17Steady Information Network
U.N. confirms the ocean is screwed
2025-06-26 13:42