'We're concerned': Walmart, Lowe's among latest companies to warn Trump tariffs could raise product costs [View all]

Yahoo Finance
Major American retailers Walmart (WMT) and Lowe’s (LOW) raised concerns that President-elect Donald Trump’s proposed tariffs would make their products more expensive, just as consumers are beginning to recover from the impacts of inflation.

Walmart CFO John David Rainey hinted in an interview with Yahoo Finance’s Brian Sozzi on Tuesday that Trump’s tariff promises would prompt the retailer to hike costs, pointing to the impact of higher tariffs enacted during the president-elect's first term under his “America First” agenda. “If we look back historically when tariffs were enacted seven years ago, it did result in higher prices for customers,” Rainey said.
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https://finance.yahoo.com/news/were-concerned-walmart-lowes-among-latest-companies-to-warn-trump-tariffs-could-raise-product-costs-090030254.html