Walmart Warns of Price Hikes on Food, Tech and Toys, Blames Tariffs

Walmart warned to lift Food prices, electronics And the end of this month, the expenses of tariffs increased in the end of this month.

CEO Doug McMillon, commented on the price increase the call of earnings Thursday. He said that a large box retailer, despite the reduction of duties in Chinese goods recently, cannot use the cost of higher import taxes. At the beginning of this week, President Donald Trump temporarily 90-day reconciliation To reduce the 145% tariff for goods and products sent to the United States with China and 30%.

Walmart is the importer of the largest container goods in the United States, 60% of its 60% of imports from China. McMillon will add price pressure to food imports, including tariffs, Costa Rica and Peru, including Colombia, including Costa Rica and Peru. News US buyers come as they feel higher prices. In April, the consumption of consumption fell to the fourth straight moon.

Economists are afraid to reduce the demand for the possibility of broadcasting around the trade policy and higher inflation, the investment and expenditures of enterprises. This can be a weakening ripple effect Extensive economy.

Walmart responded to commentary from CNET with summary of the first quarter Earnings report. “We are directed to the long-term party. It tells us that when we are based on these economic uncertainty periods, Walmart, on the other hand, has a bigger share and stronger work.”

Inflation can get the corrective

Walmart is just an instance of higher retail prices, along with other companies Like Microsoft. Consumer prices have been only years, the slowest pace of the year, the effects of the tariffs of the year have not yet been caught. Supply deficiency and higher tasks, importers can usually turn off higher tasks to transfer price increases to consumers.

On Monday, the federal reserve issued a statement on the economic worldview. Governor of Federal Reserve Adriana kugler “There is a possibility of higher growth and higher inflation,” the nation said, “productivity can also have a significant impact on productivity.”

In the last few months, economists warned that the combination of higher inflation and lower economic growth Stagflation scenario. The administration can be changed again, the tariff agenda, probably a variable effect on consumer prices and spending rules in the near future. You can watch the daily changes in CNET Tariff Price Tracker and check It’s out of this guide If you need your advice on buying or receiving popular technological items.