US shoppers to face price hikes as Trump tariffs hit Walmart

News Snapshot:

Walmart said it will have to start raising prices later this month due to the high cost of tariffs. Photograph: Allison Dinner / EPA Walmart, the world’s largest retailer, will have to start raising prices later this month due to the high cost of tariffs, executives said, in a clear signal that US President Donald Trump‘s trade war is filtering through to the American economy. As a bellwether of US consumer health, accounting for around a quarter of US grocery spend, Walmart‘s explicit statement is also a signpost for how the trade war is affecting companies as Walmart is noted...