Shop at Walmart? Get ready to pay more.

 

Walmart, America’s largest retailer, said Thursday it will raise prices on some products as a result of the Trump administration’s tariffs on Chinese goods. Walmart’s Chief Financial Officer stated: “We’re going to continue to do everything we can to keep prices low. That’s who we are. However, increased tariffs will lead to increased prices, we believe, for our customers.” He did not say which items will become more expensive at Walmart. Walmart imports 26% of its merchandise from China. For comparison, Target imports 34% of its products from China.

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