Walmart to Increase Prices ‘On a Week-to-Week Basis’ Due to Trump Tariffs: Report

Walmart will soon begin increasing prices across its inventory in response to the tariffs imposed by President Donald Trump.

The announcement was made during a Thursday morning call with investors. On the call, company executives to expect the increases as “post-tariff” inventory arrives in stores. Walmart was previously able to avoid significant price hikes due to the fact that much of its inventory had been purchased prior to the tariffs.

CNN business and politics correspondent Vanessa Yurkevich joined The Situation Room with Wolf Blitzer to break down the earnings call:

Wolf, America’s largest retailer, largest employer — and, really, a bellwether for the U.S. economy — posted strong sales growth in the 2nd quarter, but definitely faced some headwinds from tariffs. And we saw that profits in the second quarter did not meet Wall Street’s expectations; and that’s actually why you see Walmart stock down right now about four-and-a-half percent.

Listen, tariffs was the big point of conversation on this one hour call with investors. A lot of questions about what price pressures were going to be trickling down to consumers. You had the CEO Doug McMillon of the company saying that so far, tariff impacts have been gradual so consumers haven’t reacted so much to price hikes; but where they’re now putting out post-tariff inventory and they’re going to see price level increases on a week-to-week basis. So that’s obviously concerning for the company.

Walmart has hinted at price increases for months, prompting outbursts from the president on social media. In one post, Trump urged the company to simply “eat” the tariffs and not raise consumer prices.

Watch above via CNN