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The Independent UK
The Independent UK
National
Wyatte Grantham-Philips

Under of a cloud of tariffs, Walmart is the latest retailer to announce price hikes

Mattel Results - (Copyright 2024 The Associated Press. All rights reserved)

Volley after volley of tariffs — and at times on-again, off-again trade actions — have put companies around the world on edge. And a handful of major retailers have already raised prices across the U.S., or warned of future hikes.

President Donald Trump has slapped new import taxes on nearly all of America's trading partners and a range of sector-specific goods in recent months — all while some targeted countries, notably China, have responded with their own retaliatory duties. While many of those steepest tariffs have since been paused or reduced, scores of other remaining levies have piled up on businesses.

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