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The Guardian - US

Business

Lauren Aratani and Reuters

Walmart will have to raise prices this month due to Trump tariffs, execs say

Walmart John David Rainey United States

a person in a neon vest pulls a row of shopping carts — A Walmart store in Burbank, California. Photograph: Damian Dovarganes/AP

Walmart will have to start raising prices later this month due to the high cost of tariffs, executives said on Thursday.

US shoppers will start to see prices rise at the end of May and certainly in June, said John David Rainey, Walmart’s chief financial officer, in a CNBC interview.

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