Walmart, the world’s largest retailer, says Trump’s tariffs are “too high” and it will have to raise prices because of them.
“Given the magnitude of the tariffs, even at the reduced levels announced this week … the higher tariffs will result in higher prices,” Walmart CEO Doug McMillon said yesterday.
Walmart is the largest retailer in the United States. It has huge buying power and supply-chain options. If Walmart can’t keep prices down, don’t count on any anyone else doing so.
(I have only been in a WM twice, Page, AZ, Lodi, CA, maybe 3 times, ever, detest the Walton's antiunion game... )
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