Walmart, America's largest retailer, says the Trump administration's tariff hikes on Chinese goods will increase prices for its customers.<br />Walmart's chief financial officer Brett Biggs told reporters that they are developing strategies to mitigate cost increases and working with its suppliers to manage prices.<br />The company sources about one-third of items from overseas, including from China.<br />President Trump increased tariffs on 200 billion US dollar worth of Chinese imports to 25 percent from 10 percent last week.<br />The move is widely expected to raise prices on thousands of products, including clothing, furniture and electronics. <br />
