Walmart’s just pocketed nearly $3 billion in tariff refunds—and they’re using it to slash prices, rolling back over 11,000 temporary cuts in just three months. Their CFO says the cash is fueling “price leadership,” especially in groceries, while hinting this refund is one of the biggest since the Supreme Court struck down key import taxes. Though consumers may have already absorbed some tariff costs through higher prices, Walmart’s pushing harder on affordability—especially as gas hits $4 a gallon and shoppers tighten their belts. Sales growth slowed in the U.S., but revenue and profit still beat expectations… though that massive tariff windfall won’t be around next time.
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