Walmart on Tuesday rejected the idea that it would apply an itemized surcharge to purchases to account for President Trump’s increased tariffs.
Why it matters: A report Tuesday that Walmart rival Amazon was poised to add a tariff fee to sales in the U.S. triggered outrage in the White House, which condemned it as a “hostile and political act.”
Between the lines: Walmart, the world’s largest retailer, does “not itemize what goes into the cost of goods on our website,” a company spokesperson told Axios.
The big picture: Walmart executives have said that while the company is not immune from tariffs they hope to keep prices low.
- More than two-thirds of products sold in Walmart U.S. stores are “made, grown or assembled” in the country, company CFO John David Rainey said at the company’s investment community meeting earlier this month.
- “The third that we import comes from all over the world, but China and Mexico are the most significant,” Rainey said.
What they’re saying: “We are working with our suppliers and sellers to keep prices simple for our customers who trust us to do the hard work on their behalf,” the Walmart spokesperson told Axios Tuesday.
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