Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will
Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.
Walmart exec warns customers Trump’s tariffs could mean higher prices
Our model is everyday low prices,” CFO John David Rainey said. “But there probably will be cases where prices will go up for consumers.”
Eight retailers floating price raises if Trump’s tariffs are enforced
As an increasing number of retailers make plans to prepare for tariffs, the idea of them becomes more looming. Here are eight companies that have been outspoken about tariff risks.
A Big Trump Economic Pick, a Big Walmart Warning
Two big pieces of economic news landed this week and they could have a notable impact not just on national policy, but on your wallet as well. First, President-elect Donald Trump announced he had picked a veteran Wall Street investment banker,
Walmart warns of higher prices if Trump implements proposed tariffs
Walmart CFO John David Rainey told FOX Business that the company won't be immune if President-elect Trump pursues a tariff on imports from all foreign countries.
Trump’s 60% tariffs will ‘backfire’ on US and drive up prices, China warns
Despite the upbeat message, the threat of higher tariffs, following on increases during Trump’s first administration and additional hikes in import duties by the administration
Trump tariffs to backfire, China says
Higher tariffs on Chinese exports will backfire, just increasing prices paid by consumers, while China can manage to weather the effects of such "external shocks," a senior Commerce Ministry official said Friday in Beijing.
What Trump’s proposed tariffs against China mean for India
For the second largest economy, China, a big source of concern is tariffs against Chinese products. During the campaign trail, Trump had stated that he would impose at least 60% tariffs on Chinese imports and 20% tariffs on imports from all other countries.
Donald Trump’s tariffs risk putting ‘upwards pressure’ on pricing
ECP Asset Management Portfolio Manager Andrew Dale says there will be “upwards pressure” on pricing with Donald Trump’s tariff plans.
Walmart Says It Will ‘Probably’ Raise Prices, and the Controversial Reason Is Eye-Opening
The question now is how business leaders should react and prepare -- especially in the context of other early warning signs.
Walmart reveals impact of Trump’s tariff plan, and social media is not happy
Walmart isn’t the only store to suggest that prices could rise. Per CNBC, Lowe’s CFO Brandon Sink said that “about 40% of the ...
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Florida community fear 'paying price' of incoming monster Walmart Supercenter across 53-acre spot
The news comes after Walmart CFO John David Rainey stated that the superstore might have to raise prices. According ...
Review: David Rainey is the biggest gift again in the Alley Theatre's 'A Christmas Carol'
This third take of the version adapted and originally directed by artistic director Rob Melrose still is a holiday joy.
Walmart’s automation boom means lower delivery costs and better careers, says CFO
More than 50% of Walmart’s fulfillment center volume is automated, twice as much as this time last year, Walmart CFO John ...
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Walmart Appears Poised to Weather Trump Tariffs Better Than Competitors, Analysts Say
Walmart (WMT) appears better suited than rivals to withstand any tumult stemming from President-elect Donald Trump's promised tariffs after the world's biggest retailer posted strong quarterly ...