Walmart warns that the United States-Chinese tariff agreement will not prevent price ascents

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Walmart has warned customers who are expecting higher prices despite this week’s agreement between the United States and China to reduce punitive rates.

The world’s largest retail is especially exposed to the United States President’s trade war, Donald Trump, with China and Mexico his greatest source of import. Freezing from abroad constitutes a third of the merchandise that sells in the United States.

Washington and Beijing agreed this week to cut off the rates For 90 days, the United States temporarily reduced Chinese import taxes to 40 percent, from 145 percent.

Doug McMillon, the CEO of Walmart, said that the rescue was not great enough to avoid the rise in future prices.

“We will do our best to keep our prices as low as possible, but given the magnitude of the rates, even at the reduced levels announced this week, we cannot absorb all the pressure given the reality of the narrow retail margins,” he said in prepared comments.

The first quarter of the year spanned a volatile time for the US economy as Trump imposed quickly and changed rates about its commercial partners. 145 percent Levy in China came into force on April 9.

McMillon was among the retailers to discuss the rates at the White House, warning Trump from the highest prices and the empty shelves of the shops.

McMillon’s notice came on Thursday Walmart He reported an annual increase of 4.5 percent of the comparable sales in his first quarter’s name business, surpassing the increase of 3.7 percent of Wall Street analysts, according to a visible alpha poll.

The retailer maintained its financial orientation throughout the year, which includes a projection of the growth of 3 to 4 percent of clean sales. However, he retained guidance on the benefits of the second quarter, citing the uncertain commercial image. Actions increased by 2.14 percent pre-market.

Walmart is the first large -box retailer to report the results from the April Trump’s April Tariffs. Target and Home Depot will continue next week.

Amazon this month warned Fee and commercial policies were at risk of income, but the company did not report any demand or significant increase in average sales prices on its platform.

Walmart reported that his e -commerce business, which includes sales of his own inventory and third -party merchants who used their platform, was profitable in both the United States and the world for the first time. E -commerce sales increased 22 percent year -on -year a year.

Commercial war jitters pushed for buyers to accelerate purchases of some items in an attempt to overcome rates, potentially distorting the image of consumer demand.

Walmart registered quarterly revenue of $ 165.6 million, 2.5 percent year after year and slightly below $ 166 million forecasts, according to Visible Alpha. Net revenue fell 12.6 percent to $ 4.6 million, marginalizing more than consensus.