Trump repeatedly pledged on the campaign trail that he would lower runaway costs for American households by implementing tariffs, even though they typically make goods more expensive. He has proposed a tariff of up to 20% on all goods made in other countries and a special tariff of 60% for goods made in China.

Walmart Chief Financial Officer John David Rainey warned that President-elect Trump's proposed tariffs could lead to higher prices for Walmart shoppers. "Tariffs are going to be inflationary. There's no disputing that," Rainey said during an interview ...