Folks were not happy to hear Walmart's take on how things are going to play out.
President-elect Donald Trump has promised tariffs when he gets back into office, and Tuesday Walmart ’s CFO, John David Rainey, said that is probably going to result in rising costs in his stores.“ why now?” one person wrote on X, tagging the company. “Why weren’t you talking about this before the election!”
“Welcome shoppers,” another person wrote. “The company is letting you know they will increase prices when Trump initiates his tariffs.”Toby Keith’s family impacted by another heartbreaking cancer battle “, why are you planning on raising prices on your products because of overseas tariffs plan if you are ‘locally sourcing’ Walmart brand products?” another wrote. “I get other products though. Those are from companies that source from China/Vietnam/Japan.”
“I’m hearing that and other mega companies are raising their prices now, based on what they think may happen with Trumps tariffs next year?” another wrote on X. “This is greed, not forecasting. It would take a few quarters, if not a full year, to see how tariffs effected their bottom line.”Walmart isn’t the only store to suggest that prices could rise. Per CNBC, Lowe’s CFO Brandon Sink said that “about 40% of the company’s cost of goods sold comes from outside the U.S.
So, people are not happy with Walmart, and they might be unhappy with many other retailers, too, if tariffs are, in fact, put in place.If you purchase a product or register for an account through a link on our site, we may receive compensation.
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