Walmart is doing its best to keep prices unaffected by the U.S.-China trade war, but if things escalate it could be a different story, CEO Doug McMillon said Thursday.
“We worry about next spring, next summer, next fall what customers will have to pay if tariffs do escalate,” McMillon said in an interview with CNBC’s Becky Quick on “Closing Bell.”
Walmart is among the retailers that have been sounding the alarm on the back-and-forth tariffs between the United States and China and their impact on pricing. In September, Walmart sent a letter to U.S. Trade Representative Robert Lighthizer warning that it may have to hike prices.
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