Walmart is the latest company warning of price increases if President-elect Donald Trump follows through on a plan to significantly expand tariffs.

“We never want to raise prices,” Walmart CFO John David Rainey told CNBC on Tuesday. “Our model is everyday low prices. But there probably will be cases where prices will go up for consumers.”

Rainey said it’s too soon to say which products would be affected, but he told CNBC about two-thirds of the retailer's items are not subject to tariffs since they are produced........

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