Walmart says tariff costs are rising ‘each week’ and will continue

['Alina Selyukh', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar', 'Vertical-Align Middle .Wp-Block-Co-Authors-Plus-Avatar Is .Alignleft .Alignright'] TPR: The Public's Radio 2025-08-21 15:55:32

Walmart employee Tim Taylor adjusts items for sale in the back-to-school section of a store in Dallas. (LM Otero | AP)Walmart says it has been able to mitigate many of the tariff costs so far, but they are rising “each week” and will continue to do so through the rest of the year. Previously, when President Trump was threatening tariffs up to 145% on Chinese imports, Walmart drew his ire by saying that would lead to higher prices. On Thursday, Walmart CEO Doug McMillon said his company’s costs keep climbing: “We’ve continued to see our costs increase each week, which we expect will continue into the third and fourth quarters,” he said on an earnings call. Here’s what we know Prices have risen a bit, but companies have been finding ways to delay price increases — for now.