Apr 29, 2025 - Business

Walmart won't break out tariff costs and pledges low prices

Walmart storefront — Walmart is pledging to keep prices as low as possible. Photo: Justin Sullivan/Getty Images

Walmart on Tuesday rejected the idea that it would apply an itemized surcharge to purchases to account for President Trump's increased tariffs.

Why it matters: A report Tuesday that Walmart rival Amazon was poised to add a tariff fee to sales in the U.S. triggered outrage in the White House, which condemned it as a "hostile and political act."

An Amazon spokesperson later clarified that its Amazon Haul budget shopping site had "considered the idea" but that "this was never approved and is not going to happen."

Between the lines: Walmart, the world's largest retailer, does "not itemize what goes into the cost of goods on our website," a company spokesperson told Axios.

Walmart is "working hard to keep prices as low on as many products as possible" despite uncertainty over President Trump's aggressive tariffs, the spokesperson said.

The big picture: Walmart executives have said that while the company is not immune from tariffs they hope to keep prices low.

More than two-thirds of products sold in Walmart U.S. stores are "made, grown or assembled" in the country, company CFO John David Rainey said at the company's investment community meeting earlier this month.
"The third that we import comes from all over the world, but China and Mexico are the most significant," Rainey said.

What they're saying: "We are working with our suppliers and sellers to keep prices simple for our customers who trust us to do the hard work on their behalf," the Walmart spokesperson told Axios Tuesday.

More from Axios:

Add Axios on Google

Walmart won't break out tariff costs and pledges low prices

What to read next