Walmart Uses $2.9 Billion Tariff Refunds to Lower Prices
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Walmart has received nearly $2.9 billion in tariff refunds and is using the money to lower prices for shoppers. The retailer plans to direct the refunds toward groceries and general merchandise, with price adjustments expected to start showing up in Q3. Walmart has already delivered over 11,000 rollbacks across its U.S. business in the second quarter. The refunds also boosted Walmart's quarterly operating income significantly.
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