Walmart And Lowe’s: Trump Tariffs Will Raise Our Prices

CNBC reports:

Walmart’s CFO, John David Rainey, said the retailer could have to raise prices on some items if President-elect Donald Trump’s proposed tariffs take effect. “We never want to raise prices,” he said in an interview with CNBC on Tuesday. “Our model is everyday low prices. But there probably will be cases where prices will go up for consumers.”

Rainey added that it’s too soon to say which products could cost more due to the tariffs. Lowe’s also addressed the risk posed by the tariff proposal as the home improvement company reported earnings on Tuesday. Walmart’s and Lowe’s comments are the latest warnings from U.S. retail leaders about the potential blowback from from the duties.

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LMAO I love the Find Out stage of FAFO

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