 [Washington Examiner] Walmart has signaled price hikes should be expected if President-elect Donald Trump makes good on his plan to implement a broad tariff regime.
The retailer’s CFO John David Rainey said the company would likely have to raise its prices, which is against its model and wishes.
"We never want to raise prices," he told CNBC. "Our model is everyday low prices. But there probably will be cases where prices will go up for consumers."
"More expensive cheap Chinese crap you don't need"
Rainey added that it’s too early to determine which products could cost more due to the tariffs. |