Walmart and other big companies say tariffs are forcing them to hike prices

February 21, 2026

TL;DR

Walmart reported that tariff-related costs increased prices for general merchandise by over 3% in the fourth quarter.
Columbia Sportswear and Levi Strauss are among other companies that have cited tariffs as a reason for price hikes.
The White House denies that tariffs are causing inflation, pointing instead to cooling inflation and GDP growth.
Recent data shows mixed signals on inflation, with some indicators cooling while others accelerate.
Research suggests U.S. businesses and consumers have borne almost 90% of the cost of the Trump administration's levies.

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