By Thomas Barrabi Published May 16, 2019 Retail FOXBusiness Facebook Twitter Comments Print video Walmart sees jump in revenue and profit; bigger may be better when it comes to car safety Fox Business Briefs: Walmart, the world’s largest retailer, sees a first quarter jump in revenue and profit; new study from iSeeCars.com finds older, smaller cars are the most dangerous on the road. Walmart warned on Thursday that it will raise prices for U.S. shoppers to offset the impact of the Trump administration’s tariffs on China. Continue Reading Below The retail giant announced the plan days after the Trump administration raised tariffs on $200 billion worth of Chinese goods to 25 percent from 10 percent. The decisions, which came after trade talks between the two sides fell apart, is expected to lead to higher prices on everything from clothing and footwear to electronics. MORE ON THIS HOW WALMART WILL EXECUTE NEXT-DAY DELIVERY FOR CUSTOMERS WARREN BUFFETT’S BERKSHIRE HATHAWAY REVEALS AMAZON STAKE WORTH $900M TARIFFS ARE AN ATTACK ON THE ECONOMY: ALAN GREENSPAN “Increased tariffs will lead to increased prices for our customers,” Walmart CFO Brett Biggs said during a conference call, noting that the company is “going to continue to… Read full this story
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