Walmart has warned customers to expect higher prices despite the recent deal between the US and China to reduce punitive tariffs imposed in Donald Trump’s trade war.
The world’s biggest retailer is particularly exposed to the US president’s trade war. China and Mexico are its largest sources of imports, which in total make up a third of its US merchandise.
Washington and Beijing agreed this week to a cut in tariffs for 90 days, with Washington temporarily slashing tariffs on Chinese imports to about 40 per cent, from as high as 145 per cent.
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