In an interview with CNBC, chief financial officer John David Rainey confirmed that Walmart will be enforcing “higher prices” on four popular grocery items. These include bananas, avocados, coffee, and roses due to tariffs on Costa Rican, Peruvian, and Colombian imports. Nearly one-third of Walmart’s inventory comes from countries that’ve been impacted by President Trump’s imposed tariffs. These include China, Mexico, Canada, Vietnam, and India.
“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,” Doug McMillon, Walmart’s chief executive, said on a call with analysts on Thursday.
If Walmart, America’s largest retailer, can’t avoid raising their prices can any other retailer avoid raising their prices.
What part of MAGA is this Unnecessary trade war?
Coast Contact 