The country’s largest private employer described a cautious U.S. consumer navigating higher prices from tariffs and the Iran war.
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Aug. 20, 2026, 11:10 AM EDT
By Kayla Steinberg
Walmart says it has received nearly $3 billion in tariff refunds — and used some of that windfall to cut prices for consumers strained by inflation.
The company told CBS News it will direct the refunds toward groceries and general merchandise.
Walmart posted solid sales and profits in the latest quarter, helped by online spending and a massive $2.9 billion tariff refund,…
Walmart passed on tariff-related costs last year and is now trying to lower prices as shares fell nearly 9% after its U.S. sales…
Tariff refunds continue to bolster the balance sheets of big retailers while consumers remain constrained by higher prices.
Higher gas prices cut into Americans’ overall spending, leading to the slowest sales growth at Walmart’s US stores since the…
Walmart said it is fulfilling its May promise to direct the bulk of tariff refunds toward improving the value it offers to…
