The prices are expected to increase “towards the tail end of this month, and then certainly much more in June,” says Walmart’s Chief Financial Officer John David Rainey

The world’s largest retailer confirms it will increase prices by the end of the month, citing 'the magnitude of the tariffs.'

Loblaw CEO Per Bank said prices for some tariff-affected items are expected to rise as pre-trade war inventory runs out. Meanwhile, Walmart says it's raising prices in American stores due to higher costs because of tariffs.