BENTONVILLE, AR - Walmart has issued a warning that tariffs could lead to price increases for consumers in the coming weeks. The company stated that it is unable to completely absorb the financial pressure created by tariffs imposed on imported goods. Despite recent reductions in certain tariff rates, Walmart anticipates needing to pass a portion of these costs onto its customers.
"We've worked hard to keep prices low, but the impact of tariffs is becoming increasingly difficult to manage," a Walmart spokesperson said. "While we've absorbed some of the costs, we anticipate that consumers may see slight price increases on certain items in the near future."
The specific products that will be affected and the extent of the price increases remain unclear. However, the announcement suggests that a broad range of goods could be impacted. Experts say this move by Walmart could signal a wider trend among retailers as they grapple with the ongoing effects of tariffs on their supply chains.
Walmart Warns Consumers: Tariffs May Lead to Price Hikes
Walmart announced that customers may soon see higher prices on some goods. The retail giant says it can't fully absorb the impact of tariffs on imported products. Even with recently reduced tariff levels, the company expects to pass some costs on to shoppers. This could affect a range of everyday items at Walmart stores.
Source: Read the original article at BBC