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Walmart also cannot escape the impact of tariffs and plans to raise prices: the pressure of thin profits is hard to bear.
Jin10 data reported on May 15 that Walmart (WMT.N) CEO Doug McMillon stated that the world’s largest retailer is not immune to the impact of Trump’s tariffs. He warned that due to the pressure on Walmart’s costs from Trump’s tariffs, Walmart plans to raise prices on certain items, with the price increases set to begin later this month. Prices on some products will remain unchanged. McMillon stated, "We will make every effort to keep prices as low as possible, but given the magnitude of the tariffs, even at the levels reduced this week, we cannot absorb all the pressure considering the reality of thin retail profit margins."