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Walmart warns Trump's tariffs may force it to hike prices [CNBC]

WALMART INC (WMT)  More Company Research Source: CNBC
Last walmart inc earnings: 8/16 07:02 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
PDF Timothy Fadek | Bloomberg | Getty Images A customer walks down an aisle displaying bottles of laundry detergent for sale at a Walmart Inc. store in Secaucus, New Jersey. Walmart said that it may hike prices of products if the Trump administration imposes a tariff on Chinese imports, according to a letter the company wrote to U.S. Trade Representative Robert Lighthizer two weeks ago and seen by Reuters on Thursday. The letter comes days after U.S. President Donald Trump slapped tariffs on $200 billion worth of Chinese goods . Walmart, the world's largest retailer, in its letter said the tariff would impact prices of everything from food products to beverages and personal care items. Walmart confirmed it sent the letter and in a statement to Reuters urged the two countries to find solutions. The U.S. Trade Representative's office was not immediately available for comment. Earlier this week, Trump escalated his trade war with Chin [Read more]

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