National Retail Federation CEO Matthew Shay described across-the-board tariffs as “a tax on American families.”

There’s a high chance that low-cost retailers such as Walmart will have to raise their prices if President-elect Donald Trump’s tariff proposal takes place, the company’s CFO said on Tuesday. “We never want to raise prices,

Corporate executives were taking a wait-and-see approach to President-elect Donald Trump’s vow to impose heavy tariffs on imports when he takes office in January, but many have raised concerns about the effect such levies will have on inflation.

Trump says tariffs are a 'tax on foreign countries.' The world's largest retailer says Americans will pay more.