Walmart Announces It Has to Raise Prices

Walmart announced Thursday it will be raising prices on some items in the coming weeks due to rising costs related to President Donald Trump's tariffs.

The world's largest retailer, Walmart saw its first quarter profits fall but also reported robust quarterly sales and said it expects sales growth of 3.5% to 4.5% on Thursday, according to ABC News. 

However, the corporation is still being affected by the new tariffs, resulting in price hikes starting later this month, per CNN.

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