Walmart and Other Companies Say Trump’s Tariffs Will “Obviously” Raise Prices

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Economic experts are warning that if president-elect Donald Trump follows through on his plan to impose massive tariffs on goods imported from other countries, American consumers will likely face higher prices — a warning that was recently echoed by a prominent executive from Walmart, the country’s largest retailer., framing increased costs as an action the company would be forced to take in order to make up the costs of tariffs.

“If Donald Trump says tariffs work, tariffs work. Because Donald Trump is really never wrong,” Rep. Troy Nehls The next round of tariffs that Trump plans to propose would be even bigger — and thus, more harmful to consumers’ pocketbooks,Other companies have echoed Walmart’s warnings about tariffs affecting consumer costs.

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