Walmart Warns: Tariffs to Hike Prices on Toys, Electronics

Walmart warns of price hikes due to Trump-era tariffs. The world's largest retailer, Walmart, has warned that even a softening of tariffs imposed on Chinese goods could lead to price increases on items such as toys and electronics. The announcement was made by CEO Doug McMillon during a recent earnings call. "We're trying to control what we can control," McMillon stated, highlighting the challenges of managing costs amidst ongoing trade uncertainties. The news has raised concerns about the potential impact on consumers, particularly as back-to-school shopping season approaches. Analysts predict that the price increases could contribute to inflation. The 90-day pause on tariffs offers some temporary relief, but the long-term implications remain uncertain, causing difficulties for businesses in planning for the future. The situation underscores the interconnectedness of global trade and its direct impact on everyday consumers.