Walmart announces price hikes
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Walmart , the world's largest retailer, will have to start raising prices later this month due to the high cost of tariffs, executives said on Thursday, in a clear signal that U.S. President Donald Trump's trade war is filtering through to the American economy.
The big box retailer recently said it would try its best to ‘keep prices as low as we can’ amid Trump’s tariff shakeup
Walmart opened the door for retailers to hike prices over tariffs, but Home Depot doesn't plan to. Digging into each business helps explain why.
John San Marco, senior research analyst at Neuberger Berman, joins ‘Closing Bell Overtime’ to discuss what Walmart’s plan to raise prices on some goods means for the retail business, how investors should approach retail,