Walmart says Trump admin.'s higher tariffs on China goods will increase prices for US shoppers.
. China retaliated on Monday, announcing it would raise tariffs on $60 billion of American-made imports.
Moody's analyst Charlie O'Shea said the potential impact on Walmart and its shoppers is limited by its food business. Its grocery operation, which includes fresh food, contributes roughly 56 percent to overall revenue."We believe Walmart has the wherewithal both financially and via its vendor relationships to minimize the impact on both itself and its shopping base," he said.
Investors and analysts expect spending to slow this year against a backdrop of rising debt, tariffs and economic uncertainty.
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