💨 Abstract

Walmart warns customers to expect price increases due to the high tariffs imposed by President Donald Trump, which Walmart cannot entirely absorb. The company's CEO, Douglas McMillon, and CFO, John David Rainey, have indicated that prices will rise significantly in late May and even more in June. Tariffs from various countries, particularly China, are pressing Walmart's costs, with the highest impacts seen in electronics, toys, and other goods predominantly from China.

Courtesy: wtop.com