Walmart says it has been able to mitigate many of the tariff costs so far, but they are rising "each week" and will continue to do so through the rest of the year.

The world's largest retailer — like many others, including Home Depot and Target — has had to raise prices on some items, while keeping prices down on others. Walmart says its top back-to-school products were even cheaper this year than last year.

Still, the Trump administration's tariffs on virtually all imports loom large for all retailers who are seeing the cost of goods rise. Previously, when President Trump was threatening tariffs up to 145% on Chinese imports, Walmart drew his ire by saying that would lead to higher prices .

On Thursday, Walmart CEO Doug McMillon said his company's costs keep climbing: "We've continue

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