Walmart to raise prices due to tariffs
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President Donald Trump on Saturday scolded Walmart for saying that his tariffs would force the retailer to up its prices.
David Bellinger, Mizuho senior analyst, joins CNBC's 'Money Movers' to discuss the potential impact of tariffs on Walmart.
The veteran CFO also gave a brief lesson on Walmart’s method of accounting for the cost of inventory for the majority of its U.S. business. Known as the retail inventory method, or RIM, this practice makes these swings more difficult to forecast.
President Donald Trump, fresh off a trip to the Middle East, renewed his criticism of Federal Reserve Chairman Jerome Powell on Saturday and called on Walmart to "eat the tariffs" rather than raise prices.
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