A Fortune article discusses Walmart’s CFO warning that President Trump’s proposed tariffs will likely increase prices for American consumers, contradicting Trump’s campaign claim that such tariffs would solely burden foreign countries. The article cites the National Retail Federation’s agreement with Walmart’s assessment, highlighting the inflationary impact of tariffs and potential negative consequences for American jobs. While acknowledging potential benefits of targeted tariffs in specific sectors, the article emphasizes the risks of broad-based tariffs leading to retaliatory trade wars and overall economic harm. Walmart’s financial chief indicates that while the company will work to mitigate the impact, higher prices for consumers are unavoidable if tariffs are implemented. The piece concludes by underscoring the potential for significant negative consequences to the US economy due to the proposed tariffs.
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