Walmart: Tariffs on China raise prices

Walmart's CEO said Thursday that tariffs on China have had the "biggest impact" on costs as he announced that the world's largest retailer will likely raise prices late this month as a result. "All of the tariffs create cost pressure for us, but the larger tariffs on China have the biggest impact. The cost pressure from all the tariff-impacted markets started in late April and it accelerated in May," CEO Doug McMillon said on the company's earnings call. "We will do our best to keep our prices a