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00:00:00
those everyday low prices you see a Walmart will soon be going up the world's largest retailer said Thursday American shoppers will face higher prices on products it imports from China that's because president Donald Trump raise tariffs on two hundred billion dollars worth of Chinese goods last week covering thousands of products and trump is threatened more tears they'll cover all Chinese imports Reuters retail correspond Nandita bows president trump has repeatedly said that %HESITATION China is paying for these terrorists %HESITATION with wal-mart's comments this morning it is a very clear that that is not the case that this is a tax on American consumers and %HESITATION tariffs or going to lead to price increases and %HESITATION American consumers and businesses are the ones who are going to %HESITATION bear the brunt of that Walmart America's largest importer says it'll try to soften the blow by sourcing products from other countries and working with its suppliers to contain costs both groceries accounted for more than half of overall revenue one analyst says the impact of the terrorist might be limited Walmart's got company on Wednesday department store operator Macy said the latest terrace or denting its furniture business and if the U. S. extends additional duties to all Chinese imports sales of its clothing and accessories will get hurt as well Walmart made these remarks as unveiled earnings results quarterly sales at existing stores rose three point four percent beating analysts' estimates