Walmart says it will raise prices because of tariffs
CNN - Thu 16 May 17:06 GMT

Walmart, America's largest retailer, said Thursday it will raise prices on some products as a result of the Trump administration's tariffs on Chinese goods.

Walmart says it will raise prices because of tariffs

  "Increased tariffs will lead to increased prices, we believe, for our customers," Walmart said on Thursday.

  During its first quarter, Walmart's sales at US stores open at least a grew 3.4% compared to the same time last year.

  That marked Walmart's fourth-straight quarter of sales growth above 3% at stores open at least a year.

  Walmart's online sales growth clocked in at 37% last quarter, a tick down from the 40% rate online sales grew last year.

  One analyst Thursday attributed Walmart's strength to its decision to continue lowering its prices, despite higher costs and investments in remodeling stores and building out its online infrastructure.