Walmart’s CFO says higher prices are probably coming this month

You might want to prepare for things to pay more at Walmart. The company’s CFO, John David Rainey, told CNBC that the Trump administration’s tariffs are “still too high” and that consumers could see higher prices “likely towards the tail end of this month, and then certainly much more in June.”

“We’re wired for everyday low prices, but the magnitude of these increases is more than any retailer can absorb,” Rainey said. The company will “absorb some of the price increases and suppliers...