Walmart using billions in Trump tariff refunds to cut prices at stores

Walmart on Thursday released a quarterly earnings report indicating it received roughly $3 billion in tariff refunds from the Trump administration, revealing that it passed some of the reimbursement on to shoppers through price cuts.  Walmart said the government has returned all but about $100 million of the $2.9 billi

Walmart passed on tariff-related costs last year and is now trying to lower prices as shares fell nearly 9% after its U.S. sales growth hit a six-year low.

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 has received almost $2.9 billion in federal tariff refunds. The retail chain shared the figure in Thursday’s fiscal 2027 quarter two financial results, crediting the refund with an increase in gross profit rate and operating income.  Walmart’s gross profit rate was up 96bps, while its operating income rose to $

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