Walmart US warns of price hikes due to China tariffs

Source: in.reuters, Friday, May 17, 2019

Walmart US has announced that prices for shoppers will rise due to higher tariffs on goods from China as the world’s largest retailer reported its best comparable sales growth for the first quarter in nine years.

US President Donald Trump increased tariffs on USD200 billion worth of Chinese imports to 25% from 10% last week. The move is widely expected to raise prices on thousands of products including clothing, furniture, and electronics.