Walmart’s CFO, John David Rainey, recently said that if President-elect Donald Trump's proposed tariffs take effect, Walmart (NYSE:WMT) will need to raise prices on certain items. Speaking with CNBC,

On FOX business last week, the chief financial officer for Walmart warned proposed tariffs could lead to higher prices on certain goods in the new year.

Walmart is looking to continue to attract high-income consumers with the right price mix, even as CFO John Rainey anticipates price hikes in the face of potential tariffs.