Trump Tariffs: Walmart says it will hike some prices; CEO Doug McMillon says realities of higher costs began to hit Walmart in …

Shoppers at Walmart should brace for price increases on a wide range of goods in the near future, the company’s Chief Financial Officer John David Rainey has warned, according to a CNBC interview. Despite a recent 90-day reprieve that lowered duties on Chinese imports to 30%, tariffs on goods from numerous other countries are set to impact the retail giant known for its low prices. “We’re trying to navigate this the best that we can,” Rainey told CNBC on Thursday. “But this is a little bit unprecedented in terms of the speed and magnitude in which the price increases are coming.”