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Walmart beat first-quarter earnings expectations but missed on revenue, and its CFO said price increases from President Donald Trump's tariffs could start soon.
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Bananas, roses and toys are some of the items hit by tariffs and price hikes could come as soon as late May, according to the retailer.
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The world's largest retailer says it won't be able to absorb all the costs from higher tariffs on imported goods, particularly from China. Already in April, shoppers began tightening their budgets as retail spending did not grow much compared to March.
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