“We will do our best to keep our prices as low as possible but given the magnitude of the tariffs, even at the reduced levels announced this week, we aren’t able to absorb all the pressure given the reality of narrow retail margins."
Adding to McMillon's remarks, Walmart finance chief, John David Rainey, also said that:
We'll see how this all plays out in the months ahead. But if you're in the Fed's position, it continues to reaffirm that the wait-and-see approach remains the most prudent stance at the moment.
This article was written by Justin Low at www.forexlive.com. Read More Details
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