Walmart has signaled price hikes should be expected if President-elect Donald Trump makes good on his plan to implement a broad tariff regime. The retailer's CFO John David Rainey said the company would likely have to raise its prices,

Tariffs could raise prices on clothing, toys, furniture, appliances, footwear, and travel goods, particularly items where China is a major supplier, according to the National Retail Federation, a U.S. trade group of which Walmart's U.S. head is the chair.