In an interview with CNBC, Chief Financial Officer John David Rainey said that while some two-thirds of Walmart's products are sourced from the U.S., the company was “not going to be completely immune” from trade duties.

President Trump said Tuesday that he could impose hefty tariffs on automobile imports, but said he would have more to say in early April. "I probably will tell you that on April 2, but it'll be in the neighborhood of 25%,

U.S. President Donald Trump said on Wednesday he will announce tariffs related to lumber, cars, semiconductors and pharmaceuticals "over the next month or sooner." "I'm going to be announcing tariffs on cars and semiconductors and chips and pharmaceuticals,