Walmart CFO John David Rainey told CNBC that new tariffs could force the retailer to raise prices.
Lowe’s CEO Marvin Ellison said the home improvement retailer is concerned about the risk of higher costs and is already having conversations with suppliers about tariffs.
The companies joined other brands and retail trade groups in warning that the tax on imports proposed by President-elect Donald Trump could fuel inflation.
Will never ever convince the Trump haters; that’s ok
But is it working? Facts matter.
https://www.cnbc.com/2024/11/19/walmart-says-new-trump-tariffs-could-raise-prices.html
Walmart CFO John David Rainey told CNBC that new tariffs could force the retailer to raise prices.
Lowe’s CEO Marvin Ellison said the home improvement retailer is concerned about the risk of higher costs and is already having conversations with suppliers about tariffs.
The companies joined other brands and retail trade groups in warning that the tax on imports proposed by President-elect Donald Trump could fuel inflation.
There are better ways.