TJX Companies CEO Ernie Herrman said during an earnings call that the company could benefit from President-elect Trump's proposed tariffs on imported goods.

Tariffs are going to be inflationary, there’s no disputing that,” Walmart finance chief John David Rainey told Fox News on Thursday. That’s not the message the Trump campaign took to the nation during the 2024 election race,

Our model is everyday low prices,” CFO John David Rainey said. “But there probably will be cases where prices will go up for consumers.”

Walmart has expressed concerns about the potential economic consequences of the tariffs proposed by President-elect Donald Trump.

Higher tariffs on Chinese exports will backfire, just increasing prices paid by consumers, while China can manage to weather the effects of such "external shocks," a senior Commerce Ministry official said Friday in Beijing.

For the second largest economy, China, a big source of concern is tariffs against Chinese products. During the campaign trail, Trump had stated that he would impose at least 60% tariffs on Chinese imports and 20% tariffs on imports from all other countries.

ECP Asset Management Portfolio Manager Andrew Dale says there will be “upwards pressure” on pricing with Donald Trump’s tariff plans.