Walmart warns of impending price hikes due to President Trump's tariffs. The retail giant expects prices to rise significantly by June, impacting various product categories including food, toys, electronics, and baby gear. Tariffs on Chinese goods are the primary driver, with increases already affecting shipments. Economists predict these price increases will disproportionately affect lower- and middle-income consumers, who rely heavily on Walmart for essential purchases.

Prepared by Christopher Adams and reviewed by editorial team.