Walmart has claimed that President Trump’s tariffs will raise some of its prices. Walmart CEO Doug McMillon shared in an earnings call, “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.” McMillon continued, “The higher tariffs will result in higher prices.” The CEO of the world’s largest retailer added that customers should expect prices to rise at the of May and June. Walmart, the largest retailer in the nation, has announced it is raising prices because of President Donald Trump’s tariffs. Story: https://t.co/qZ11yF3r0V pic.twitter.com/SkrIAjPyOr — Rolling Stone (@RollingStone) May 15, 2025 Check out what CNN reported: Walmart, the world’s largest retailer, said President Donald Trump’s tariffs are “too high” and it will raise prices on some items as Trump’s global trade war increases the company’s costs. “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,” Walmart CEO Doug McMillon said Thursday on an earnings call. “The higher tariffs will result in higher prices,” he said. Tariffs on China are raising costs on electronics and toys, McMillon said, and some food costs are going up from tariffs on Costa Rica, Peru and Colombia. The price hikes will begin later this month. “I’m concerned that consumer is going to start seeing higher prices. You’ll begin to see that, likely towards the tail end of this month, and then certainly much more in June,” Walmart finance chief John David Rainey said in an interview with CNBC Thursday. Many companies have been raising prices to mitigate cost increases from the 10% universal tariffs on every product entering the United States and higher levies on Chinese goods. Washington and Beijing reached an agreement to lower those tariffs this week, but the United States still charges a 30% levy on most goods coming from China. Walmart’s first quarter profit slipped and it said it must raise prices due to higher costs from tariffs implemented by Pres. Trump. Read more: https://t.co/j77hnSarUZ pic.twitter.com/tq7m2LxUlo — ABC News (@ABC) May 15, 2025 Per ABC News: Walmart’s first-quarter profit slipped, and it said it must raise prices due to higher costs from tariffs implemented by President Donald Trump. The nation’s largest retailers posted strong quarterly sales Thursday and said it expects sales growth of 3.5% to 4.5% in the second quarter. Like many other U.S. companies, however, it did not issue a profit outlook for the quarter because of the chaotic environment, with stated U.S. tariff policies changing constantly. The company maintained its full-year guidance issued in February. Many Americans have pulled back on spending as they grow uneasy about the economy. Government data revealed slowing sales growth for retailers Thursday. Walmart said Thursday that its consumers remain cautious and selective. Trump’s tariffs on China and other countries threaten the low-price model that is at the core of Walmart’s success. Trump’s threatened 145% import taxes on Chinese goods were reduced to 30% in a deal announced Monday, with some of the higher tariffs on pause for 90 days.