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Walmart, facing increased costs from President Trump's tariffs, plans to raise prices on some items starting later this month. CEO Doug McMillon stated that while they will strive to keep prices low, absorbing all tariff pressure is impossible given narrow retail margins. The price hikes, impacting various products, are a response to the ongoing trade war and follow similar actions by other companies. Despite this, Walmart's US business remains strong, and analysts believe its scale and supplier base will help it maintain competitive pricing and potentially gain market share.

Prepared by Christopher Adams and reviewed by editorial team.