Walmart, the largest retailer in the United States, has signaled price increases due to tariff pressures.
John David Rainey, Walmart's Chief Financial Officer (CFO), noted during a CNBC interview on the 15th (local time) that tariffs are "still too high."
He said, "American consumers will feel the price increases by the end of this month or from June."
CFO Rainey explained, "We strive to keep prices as low as possible, but considering the intensity of the tariffs, we cannot absorb all the pressure factors."
He added, "Despite the reduction in tariffs announced this week for China, there are limits in the reality of low retail margins."
If Walmart, representing the United States, increases prices, other retailers are likely to follow. This could lead to rising prices across the country.
The United States and China recently held high-level talks in Geneva, Switzerland, agreeing to reduce each other's tariff rates by 115 percentage points over 90 days.
However, the United States still maintains a 30% tariff on China. Additionally, the Trump administration has applied a 10% basic tariff to most countries since the 5th of last month.