Walmart, Lowe’s to Raise Prices Due to Trump Tariff Plans
Walmart and Lowe’s, along with other major retailers, are considering price increases in response to President-elect Trump’s proposed tariff plan. This plan includes significant tariffs on imports, particularly from China, potentially impacting a large portion of their product lines. Both companies are actively assessing the implications for their supply chains and costs. Economists predict that consumers will ultimately bear the brunt of these increased costs through higher prices on goods.
John Q. Hosedrinker