On May 15, ABC News reported that the company has reported its quarterly numbers and, due to new tariffs put in place by the Trump administration, there has been a dip. In order to compensate, the retail corporation is expected to raise its prices.
Fans reacted to the news on social media.
"Just an excuse to raise prices. Tariffs haven't hit the market yet. lolololol Most tariffs have been lowered anyway," someone else said.
"I’m concerned that consumer is going to start seeing higher prices. You’ll begin to see that, likely towards the tail end of this month, and then certainly much more in June,” Walmart finance chief John David Rainey said in an interview with CNBC.
On May 12, a tariff truce — of sorts — between the U.S. and China was put into place. According to CBS News, the U.S. will lower its rate from 145% to 30% while China will reciprocate by reducing its 125% tariff to 10%. The truce might be temporary unless a deal is reached over the next 90 days.
Hence then, the article about walmart s latest announcement could mean higher prices was published today ( ) and is available on Parade ( Saudi Arabia ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Walmart's Latest Announcement Could Mean Higher Prices )
Also on site :
- Homemade dumplings are a Lunar New Year staple. Last week, a cafe invited those who’d never made them to give it a try.
- Trump strips endangered species protections for lesser prairie chicken, the dancing, booming grouse of the Southwest
- Man arrested in Telford on suspicion of possession of gun after Ketley incident