Walmart Warns of Potential Price Hikes Due to Tariffs

Walmart is preparing consumers for potential price increases in the second quarter, citing the impact of tariffs and rising produce costs. The company made the announcement Thursday, indicating that these factors will likely lead to higher prices on select items. Tariffs, which are taxes on imported goods, have been a growing concern for retailers. These added costs are often passed on to consumers. Additionally, fluctuating produce prices, influenced by weather and other factors, are contributing to the potential for price hikes. Experts are analyzing the potential impact on consumer spending and the broader economy, as Walmart's pricing decisions can have a ripple effect across the retail landscape.