Before Donald Trump became president, tariffs were a topic largely confined to history books. But as Trump prepares to reenter the White House with a proposal to significantly expand tariffs, they seem to be on everyone's mind.
Several retailers affected by the tariffs Trump enacted in his first term have said they would likely raise prices on products if they are expanded in his second. On Tuesday, Walmart became the latest to address the potential effect of tariffs, which Trump has suggested could be 10% to 20% across the board and at least 60% on imports from China.
