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As the company entered its Investment Community Meeting, Walmart CEO Doug McMillion said the company has a “winning formula” that should keep it going strong in 2025 while such factors as tariffs have affected its earnings outlook in the first quarter.

The White House has eliminated the duty-free de minimis treatment for low-value imports from China entering the United States, ending a provision that has allowed deep-discount retailers from China, such as Temu and Shein, to avoid tariffs charged on other imports and maintain lower pricing.

The National Retail Federation is questioning the broad sweep of tariffs just announced by President Donald Trump and has released results of a survey of registered voters revealing their concerns about the tariffs.