Walmart's $2.9 billion tariff refund is headed back to shoppers

A customer shops at a Walmart store in Toronto in July. Zou Zheng/Xinhua via Getty Images Walmart said it has been cutting prices thanks to a $2.9 billion tariff refund. "Customers are feeling some pressure, so we're proud of our investments," CEO John Furner said. US store sales growth slowed during the quarter as mo

Walmart says it has received nearly $3 billion in tariff refunds — and used some of that windfall to cut prices for consumers strained by inflation.

The company told CBS News it will direct the refunds toward groceries and general merchandise.

Walmart gets $2.9 billion in tariff refunds | CNN Business  CNN