Walmart, HD, Lowe’s, TJX, and Williams-Sonoma received tariff refunds, but each uses the money differently, and shoppers may not always see lower prices.
Walmart said it is fulfilling its May promise to direct the bulk of tariff refunds toward improving the value it offers to customers.
As high gas prices squeeze shoppers, the retailer says the federal refund will fund price cuts and customer experience investments.
The country’s largest private employer described a cautious U.S. consumer navigating higher prices from tariffs and the Iran war.
Walmart will use $2.9 billion in tariff refunds to make some items cheaper. But other retailers are less clear on their plans.
Higher gas prices cut into Americans’ overall spending, leading to the slowest sales growth at Walmart’s US stores since the earliest months of the pandemic.
Walmart says it's doubling down on lower prices with its $2.9 billion tariff refund.
Alison is a senior news reporter covering US politics and legal news. The Trump administration is in the process of refunding billions in tariff revenue after the Supreme Court struck its most ...
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