Walmart has increased prices at least twice this year | Credit: jromero04/shutterstock
CNN, where President Donald Trump’s global tariff president has raised prices, says it will not deny it. “The list of companies that announce price changes as a result is equally difficult,” the news outlet added.
Trump imposes 10% tariffs on most imports, but products from China face 30% collection upon entry into the US.
Most retailers refuse, as Trump does. Proposed“eating” the additional costs caused by these import taxes means that from food and clothing to toys and cars, it can quickly cost Americans. Walmart recently announced on April 15 that it would raise prices for many items, mainly from China, because Trump’s tariffs were simply “too expensive.”
“We will do our best to keep prices as low as possible,” Walmart CEO Douglas McMillon said in a revenue call. “But given the magnitude of the tariffs, even the levels of decline announced this week cannot absorb all the pressure given the narrow reality of retail margins.”
“Eat tariffs”
Trump I said “Walmart should stop trying to denounce tariffs as a reason to raise prices across the chain. Walmart made billions of dollars last year, more than he expected.
The truth is that Waltons, the owner of Walmart, was It has been named Bloomberg was the world’s wealthiest family in 2024 with a net worth of over $43.2 billion. Early 2024, Forbes I said Their total wealth was $267 billion. In other words, net worth has increased nearly $125 billion in one year.
Anyway, Walmart said the price change is likely to come into effect by the end of May. I said CNBC.
Best Buy Electronics Goods Chain also announced a price increase in May.
Temu, Shein, etc.
Temu and Shein announced price changes since last month. “Recent changes to global trade rules and tariffs have led to our operating expenses rising. We will be making price adjustments starting April 25, 2025, in order to continue to provide the products you love without compromising quality,” writes Temu.
Ford and Subaru are hit by a 25% tariff, with most of the auto parts they use facing similar import taxes.
Subaru said there would definitely be a need to raise US prices to “settle” the “increase in costs” caused by the president’s tariff war.
Procter & Gamble, Stanley Black & Decker, and Adidas all face the same challenges. They all raised prices in April and warned that they would increase even further by the end of the year.
