May 15 (UPI) -- During an earnings call Thursday, Walmart said it will be forced to raise prices soon even with the reduced tariffs on China as trade with the United States is negotiated.
Price increases will happen later this month.
Walmart CEO Doug McMillon said during the call, "Even at the reduced levels, the higher tariffs will result in higher prices."
Walmart said the Trump administration higher tariffs on U.S. trading partners are working against efforts by Walmart to keep prices low.
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