The vast tariffs President-elect Donald Trump has promised to implement will likely lead to price increases at major American retailers like Walmart and Lowe’s, the companies’ chief financial officers said this week.
Walmart CFO John David Rainey told CNBC it is not yet clear which items would be affected.
“We never want to raise prices,” Rainey told the outlet Tuesday. “Our model is everyday low prices. But there probably will be cases where prices will go up for consumers.”
