Walmart to raise prices due to tariffs
Digest more
Home Depot’s chief financial officer Richard McPhail said Tuesday that the company would not raise prices amid President Trump’s tariff agenda. “Because of our scale, the great partnerships
David Bellinger, Mizuho senior analyst, joins CNBC's 'Money Movers' to discuss the potential impact of tariffs on Walmart.
Treasury Secretary Scott Bessent on Sunday said he spoke with Walmart CEO Doug McMillon, who said the company with absorb "some of the tariffs."
Consumers have been pinching pennies since skyrocketing inflation in 2022 took a toll on their wallets, and worries that prices may rise further in the wake of newly instituted tariffs have sparked considerable debate.
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.
Explore more
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.