“The magnitude and speed with which they are reaching us These prices are not precedent In history, ”said John David Rainey, Walmart’s financial director, in an interview with The Wall Street Journal.
Rainey indicated that sales increased constantly in the last quarter, since Buyers took advantage of offersbut that the total impact of the Commercial War In consumers it has not yet manifested.
Walmart is already uploading some prices, as your suppliers increase the value of their products. For example, tariffs raised the price of bananas – one of the most purchased products in Walmart– 54 cents La Libra, compared to the previous 50 cents, the executive explained.
Earl this week, USA agreed to temporarily reduce tariffs on Chinese imports from 145% to 30%.
Rainey noted that a 30% tariff on Chinese products is better than one of 145%, but that, even so, it represents a significant increase in prices for most consumers.
The Walmart shares were almost 5% ten minutes after the opening of Wall Streetafter the company announced this change in its prices.
However, Walmart posted in its results better than expected income.