Walmart warns of high prices on food, technology and games, blames definitions

Wall Mart warned that it would happen Food pricesand Electronics He played the games later this month, noting the costs of the definitions.

CEO Doug McMelon commented on high prices on Profit call Thursday. He said that the large retail seller in the Grand Trader Fund is unable to absorb the costs of high import taxes, despite the recent discount in duties on Chinese goods. Earlier this week, President Donald Trump made temporary 90 days of truce With China reduced the tariff by 145 % to 30 % on the goods and products sent to the United States.

Walmart is the largest importer of container commodities in the United States, with 60 % of its imports from China. McMillon also pointed out that the customs tariff for countries such as Colombia, Costa Rica and Peru will add prices to food imports, including avocado, bananas and coffee. The news comes because American shoppers feel high. In April, the consumer feeling fell in the fourth month in a row.

Economists fear that the wide uncertainty about commercial policy and the possibility of increasing inflation will lead to a decrease in demand, forcing companies to retract investment and reduce costs. It can have a weakening crippling effect The broader economy.

Walmart responded to the request from CNET with a summary for the first quarter Profit report. “We are focusing in the long term. What history tells us is that when we tend to periods of economic uncertainty, Walt Mart stands out on the other side with a greater stake and stronger work,” the company said in an email.

Inflation can become more urgent

Wall Mart is only one example of the high prices of retail stores, along with other companies Like microsoft. Although consumer prices increased by 2.3 % annually in April, and the slow pace in the years, experts said that the effects of definitions have not been discovered yet. The shortage of supply and high duties can lead to acute inflation, as importers generally pass by raising prices for consumers.

On Monday, the Federal Reserve issued a statement on economic expectations. Ruler of the Federal Reserve Adriana Kogerer “It is possible that it will suffer from a low growth and higher enlargement,” the nation said, adding that “there may also be significant effects on productivity” over time that low economic activity throughout the country.

During the past few months, economists have warned that the combination of high inflation and low economic growth could create a Rawds scenario. The tariff agenda outside the administration is likely to have a volatile impact on consumer prices and spending patterns in the near future. You can monitor daily changes with our CNET Tracking customs tariffs And achieve Outside this guide If you need advice on whether you want to buy or wait to buy famous technical elements.