Walmart and Amazon prices are going up despite Trump’s China tariff reduction

Quick Summary:

Doug McMillon admitted on Thursday that even reduced China tariffs are too much for the country's largest retailer to absorb.

"We will do our best to keep our prices as low as possible," Walmart CEO Doug McMillon said in a statement alongside the retailer's quarterly earnings.

As Fortune reported exclusively at the time, Amazon penalized some when they initially tried to push through large price hikes, before backing off in some cases.

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Article Details

Author / Journalist: Jason Del Rey

Category: EconomyBusiness

Markets: United StatesChina

Topics: Fortune 500 Tariffs Amazon Walmart

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-15 @ 13:58:31 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 425 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 107 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28730654

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 63 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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Publisher ID: #95

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