Walmart CFO: There has never been a period when prices have risen so high and so fast... We have experience dealing with a 2-3% increase, but a 30% increase is not feasible... This level of tariff poses a challenge for all retailers and suppliers, and consumers will be affected.
As a global large-scale retailer, Walmart's supermarkets are spread all over the world. It has more than 5,200 various supermarkets in the United States, being the largest retailer in the country, and is preparing for comprehensive price hikes.
On Sunday, I went to Walmart and praised its affordable prices, without noticing any price increases, but also sensed the possibility of price hikes.
Previously, due to tariff reasons, Walmart requested Chinese suppliers to lower their prices. After being rejected, it was certain that the tariff-related price increases would be passed on to consumers.
In the end, consumers will bear the cost.
Source: https://www.toutiao.com/article/1832204747156544/
Disclaimer: The article only represents the author's personal views.