Walmart to Raise Prices Amid Ongoing Tariff Pressures

Walmart plans to raise prices across many categories by the end of May, citing mounting pressure from U.S. tariffs despite a temporary reduction in duties on Chinese imports.

In its latest quarterly report, the retail giant announced a 12% drop in profits compared to the same period last year, with CEO Doug McMillon warning that the company can no longer absorb increased import costs.

Walmart executives confirmed that while over two-thirds of its U.S. inventory is domestically sourced, imported products—especially from China, Colombia, Costa Rica, and Peru—continue to impact prices on everyday items like electronics, toys, bananas, and coffee.

Chief Financial Officer John Rainey noted that customers may begin to see price increases in stores as early as the end of May, with further adjustments likely in June.

Despite cost pressures, Walmart says it remains focused on protecting food prices and adjusting to consumer spending behavior. The company did not offer short-term guidance but reaffirmed its long-term goals.