Walmart on Thursday warned that even softer tariffs on China could soon force the company to raise prices on certain items. 

The world's largest retailer said President Trump's wide-ranging levies on U.S. trade partners are impeding its ability to keep prices low. 

"We can control what we can control," Walmart CEO Doug McMillon said during an earnings call on Thursday. "Even at the reduced levels, the higher tariffs will result in higher prices," he added.

The price hikes will go into effect later this month. Walmart, a bellwether for consumer spending, joins other larger retailers to warn they are likely to raise prices as tariffs drive up their costs. 

Read Full Article Here