Overview

• Walmart has implemented price hikes on imported goods such as toys and office supplies, with some markups exceeding 100 percent.
• Photos and tracking data show items like fishing reels rising about 45 percent and certain office supplies more than doubling in cost since April.
• CEO Doug McMillon and CFO John David Rainey say narrow retail margins make it impossible to absorb all tariff costs despite efforts to keep prices low.
• President Trump and Treasury Secretary Scott Bessent have publicly rebuked retailers for passing tariffs to consumers while highlighting recent declines in headline inflation and the Fed’s preferred PCE gauge.
• Retail analysts warn that supply-chain disruptions and shifting demand also drive price changes and note that about 60 percent of Walmart’s merchandise is sourced domestically.