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.

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 company’s cost of goods sold comes from outside the U.S., including direct imports and merchandise from national brands.

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

Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.

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.

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