Potential tariffs could cost American consumers between $46B and $78B in annual spending power, the National Retail Federation says.

Walmart — the world's largest retailer — is now issuing a warning to customers that they may be paying more for the same products if President-elect Donald Trump makes good on his promise to impose new tariffs on imports.

Walmart isn’t the only store to suggest that prices could rise. Per CNBC, Lowe’s CFO Brandon Sink said that “about 40% of the company’s cost of goods sold comes from outside the U.S., including direct imports and merchandise from national brands.

Walmart CFO John David Rainey said on Tuesday that President-elect Donald Trump's sweeping tariff plan may require the retailer to raise prices on some of its products

Our model is everyday low prices,” CFO John David Rainey said. “But there probably will be cases where prices will go up for consumers.”

Tariffs have the potential of breaking the contract on which the world has grown since the mid-’80s. That could lead to negative consequences for inflation and unemployment.

Walmart has expressed concerns about the potential economic consequences of the tariffs proposed by President-elect Donald Trump.

China is ready for dialogue with the United States. President-elect Donald Trump announced the introduction of high tariffs on Chinese products. According to experts, tariffs on Chinese imports might reduce the growth of the world's second-largest economy by one percent.

Trump's proposed tariffs on imports could make prescription medications in the US more expensive according to experts.

For the second largest economy, China, a big source of concern is tariffs against Chinese products. During the campaign trail, Trump had stated that he would impose at least 60% tariffs on Chinese imports and 20% tariffs on imports from all other countries.