Walmart gets a $2.9 billion tariff refund after paying import tariffs in 2025 and 2026. The retailer plans to use the money to cut prices and invest in stores. | Business News

Walmart posted strong sales and profits in the latest quarter helped by a massive $2.9 billion in tariff refunds.

Higher gas prices cut into Americans’ overall spending, leading to the slowest sales growth at Walmart’s US stores since the earliest months of the pandemic.