By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Walmart warns US-China tariff deal will not stop price rises
News

Walmart warns US-China tariff deal will not stop price rises

News Room
Last updated: 2025/05/15 at 7:23 AM
By News Room
Share
2 Min Read
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

Walmart has warned customers to expect higher prices despite the recent deal between the US and China to reduce punitive tariffs imposed in Donald Trump’s trade war.

The world’s biggest retailer is particularly exposed to the US president’s trade war. China and Mexico are its largest sources of imports, which in total make up a third of its US merchandise.

Washington and Beijing agreed this week to a cut in tariffs for 90 days, with Washington temporarily slashing tariffs on Chinese imports to about 40 per cent, from as high as 145 per cent.

Doug McMillon, Walmart’s chief executive, said the reprieve was not big enough to ward off future price rises.

“We will do our best to keep our prices as low as possible but given the magnitude of the tariffs, even at the reduced levels announced this week, we aren’t able to absorb all the pressure given the reality of narrow retail margins,” he said in prepared remarks.

McMillon was among the retail bosses to argue against tariffs at the White House, warning Trump of higher prices and empty store shelves.

The first quarter of the year spanned a volatile time for the US economy, as Trump swiftly imposed and changed tariffs on its trading partners. The 145 per cent tariff on China took effect on April 9.

The warning from McMillon came as Walmart reported a 4.5 per cent annual increase at comparable sales at its namesake US business in the first quarter, surpassing the 3.7 per cent rise forecast by Wall Street analysts, according to a Visible Alpha poll.

The retailer maintained its financial guidance for the full year, which includes a projection of 3 to 4 per cent growth in net sales. However, it withheld guidance on profits in the second quarter, citing the uncertain trade picture.

Read the full article here

News Room May 15, 2025 May 15, 2025
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Microsoft poaches top Google DeepMind staff in AI talent war

Stay informed with free updatesSimply sign up to the Artificial intelligence myFT…

Most Americans can’t answer basic retirement questions: Survey

Watch full video on YouTube

How Airbus beat Boeing to become the world’s biggest plane maker

Watch full video on YouTube

White Brook Capital Partners Q2 2025 Commentary

A look forward Market Commentary Year to date the S&P 500 (SP500,…

EU must strengthen Asian security ties despite US pressure, says Kaja Kallas

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

- Advertisement -
Ad imageAd image

You Might Also Like

News

Microsoft poaches top Google DeepMind staff in AI talent war

By News Room
News

White Brook Capital Partners Q2 2025 Commentary

By News Room
News

EU must strengthen Asian security ties despite US pressure, says Kaja Kallas

By News Room
News

US embassy in China warns exit bans risk straining bilateral relations

By News Room
News

Client Challenge

By News Room
News

Donald Trump’s escalating attacks on Federal Reserve unnerve investors

By News Room
News

Spain overtakes Germany as top EU asylum destination

By News Room
News

Brussels stalls probe into Elon Musk’s X amid US trade talks

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?