'We're concerned': Walmart, Lowe's among latest companies to warn Trump tariffs could raise product costs [Yahoo! Finance]
Lowe's Companies, Inc. (LOW)
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Source: Yahoo! Finance
products more expensive just as consumers are beginning to recover from the impacts of inflation. Walmart CFO John David Rainey hinted in an interview with Yahoo Finance's Brian Sozzi Tuesday that Trump's tariff promises would prompt the retailer to hike costs, pointing to the impact of higher tariffs enacted during the president-elect's first term under his “America First” agenda. “If we look back historically when tariffs were enacted seven years ago, it did result in higher prices for customers,” Rainey said. Trump has promised to implement tariffs at levels unseen since the Great Depression . That would include 10%-20% tariffs across the board and a 60% tariff on goods from China, with such policies pushing down US GDP as much as 2.3% after two years, according to a report from the nonpartisan Tax Foundation. During Trump's first presidency, his administration enacted tariffs on thousands of products equating to $80 billion worth of taxes on Americans, the Tax Foundation found
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LOW
Earnings
- 11/19/24 - Beat
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Sec Filings
- 11/19/24 - Form 8-K
- 10/4/24 - Form 4
- 10/4/24 - Form 4
- LOW's page on the SEC website