Walmart Says US-China Trade War Will Lead to Higher Prices
- 5 years ago
Walmart Says US-China Trade War
Will Lead to Higher Prices The news comes after the Trump administration raised tariffs last week to 25%. According to Fortune, the administration says another round of tariffs worth 25% will be implemented soon. This would be on $325 billion
of Chinese items. Retailers have warned that American consumers will pay more in this trade battle. For Walmart, many of the
items they sell come from China. Walmart CFO Brett Biggs, via Fortune Walmart has not said which items
at the chain will see price hikes.
Will Lead to Higher Prices The news comes after the Trump administration raised tariffs last week to 25%. According to Fortune, the administration says another round of tariffs worth 25% will be implemented soon. This would be on $325 billion
of Chinese items. Retailers have warned that American consumers will pay more in this trade battle. For Walmart, many of the
items they sell come from China. Walmart CFO Brett Biggs, via Fortune Walmart has not said which items
at the chain will see price hikes.