International News: Walmart warns of Price increases due to Tariffs

Published by BBNTEAM at May 16, 2025

Posted: Friday, May 16, 2025. 8:34 am CST.

By Zoila Palma: Walmart, the world’s largest retailer, announced it will raise prices on some items as ongoing global tariffs increase its costs, CNN reports.

CEO Doug McMillon said the tariffs—particularly on goods from China, Costa Rica, Peru, and Colombia—are “too high” for the company to fully absorb.

“We’ll do our best to keep prices low, but the pressure from tariffs is significant,” McMillon said during an earnings call Thursday.

Walmart finance chief John David Rainey warned that customers will begin seeing higher prices later this month, especially on electronics, toys, and some food items. Despite recent reductions in some U.S.-China tariffs, a 30% levy still applies to many imports.

The retailer, which sources most of its groceries domestically, says it is better positioned than competitors to manage rising costs. However, the price hikes could create political tension, as companies raising prices due to tariffs have drawn criticism from former President Trump.

Walmart’s sales remain strong, with same-store sales up 4.5% last quarter, driven by grocery growth and increased shopping by higher-income customers.

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