During its Q3 earnings call last week, big-box retailer Walmart hinted it could hike the prices of several items it sells if President-elect Donald Trump's tariff hikes are implemented. Walmart's Q3 revenue jumped 5.5% on the back of a 27% growth in global e-commerce sales. Walmart CFO John David Rainey highlighted that the company doesn't want to increase the prices of its products, but costs "will go up for consumers" for some items, without talking in detail about the specific items.
Rainey noted that 66% of Walmart items are manufactured, grown, or assembled in the US, and Trump tariffs won't impact all those products. However, experts have reportedly stated that the pricing for clothes, toys, and electronics could see a big jump under Trump's tariff rules, given that most of these goods are imported.
