Walmart CFO John David Rainey unpacks consumer sales, the impact of the port strikes and the impact of tariffs on ‘The Claman Countdown.’
Walmart Chief Financial Officer John David Rainey warned that President-elect Trump’s proposed tariffs could lead to higher prices for Walmart shoppers.
“Tariffs are going to be inflationary. There’s no disputing that,” Rainey said during an interview with Liz Claman on “The Claman Countdown” on Thursday. “Likely consumers are going to pay more for the items that they pay and that these tariffs are applied to.”
Under the proposals, a universal 10%-20% tariff would be imposed on imports from all foreign countries and an additional 60%-100% tariff would be imposed on imports specifically from China.
While Rainey said two-thirds of the items the company sells are made, grown or assembled in the U.S., he said it is “in no way immune to…
