Potential tariffs could cost American consumers between $46B and $78B in annual spending power, the National Retail Federation says.

Walmart — the world's largest retailer — is now issuing a warning to customers that they may be paying more for the same products if President-elect Donald Trump makes good on his promise to impose new tariffs on imports.

Our model is everyday low prices,” CFO John David Rainey said. “But there probably will be cases where prices will go up for consumers.”

Tariffs have the potential of breaking the contract on which the world has grown since the mid-’80s. That could lead to negative consequences for inflation and unemployment.

The discounter's comments are the latest warning from retail leaders about the potential impact of the tariffs.

Trump's proposed tariffs on imports could make prescription medications in the US more expensive according to experts.

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.

Walmart has expressed concerns about the potential economic consequences of the tariffs proposed by President-elect Donald Trump.

ECP Asset Management Portfolio Manager Andrew Dale says there will be “upwards pressure” on pricing with Donald Trump’s tariff plans.