Walmart Warns of Price Hikes Amid Trump's Tariff Plans

Walmart has warned customers that prices may rise due to President-elect Donald Trump's proposed tariffs, which include a 60% tariff on Chinese goods and a 10% tariff on all U.S. imports. This could significantly impact the cost of electronics, clothes, and toys, as many are imported. While two-thirds of Walmart's products are made in the U.S. and won't be directly affected, the tariffs could still drive inflation. Retail experts and economists warn that these tariffs could lead to higher costs for consumers and reignite inflation.