Walmart Says Chinese Tariffs Will Mean Higher Prices

Walmart says the ongoing tariff war with China will translate into higher prices for customers.

Last week, the White House raised tariffs on $200 billion worth of Chinese goods and is considering another round this week.

Walmart, which gets about one-third of its products from China, says higher tariffs will mean increased prices, and is “hopeful that an agreement can be reached” between the U.S. and China.