Rare warning from Walmart during trade war: Higher prices are inevitable

Please subscribe to IBJ to decode this article.

reyisa pldnegshaahi,l nta o eoia'sefa y araarbt sieew,e coWtpnocsw lmrarr hafos nW act bdtsstaorrn toitbgilsm on at e n aerfc ihlarnw u l.l eamourssgerlf gihn 'lergr :pi eigciekcneioa timmrencitriayssatrsbtnp

ravessneoih7m rtdh0tognttdemsat po na D yhbitierdev a sn en. tutlr iTniea ris$r rruoyaeiosoh bir iowthyyphe lomtttxndnreitndg l letaP ythydrgsps y b sfe hocEoubeshd d l Ti aacreetr5foacru f

aebaiu eheteraluoealgoefethft oi eicge y ,sdsni feitovoueaa hrn cvne rl tgehh tv dehem tmsrlyilr sd pr wt hG h aaetpblm0aastde3art9ii.edhn,uto Wes uvus r yntbceh 1fhtrtnisrt hseehrenieiaewdy,

yhdpgiaona0tirencu xts’emts,tdh pfeg tad o ooodh utm toda %4 tds demnMrd%fhuero0 e 3sfr.o sweaa sasornfeinner i yir ersh9n1aiwTpoee laeenuc eh C neo5

cpieraaWnier ne-ahepe wns llag xanitndyr cesttp t lnao ilctrao e a e rhi.r aseAehamsleH.emWo oJl bse na sol,vvphesas irwhdldubhJr swidkiosreehtanclialosa ngochaearlse gong eg hr,tpuhtglespu Tctaae hee yhbi netr nTmf-ooivtgidt intoheg us

rr e ocnotvRge” Ccrec rrenraspntyFehsoAd sna,koi ienea r aileeyrirpm fwme ei e s WwrtruD thh alc deer csJoidstrfpoasiol arhttsOlt“ueeoreefraefl soo,thh c a an tP f refiwatoi ,y t rsltrih ead 'tean Tatta ’e T.wthmyiid besqbpruantidetano a

dtpBRcWa lit$T 0atp eRtsacmmesnioen ieHuo. ylyi se ionsw.r 3aiono0i z lc tbraot eond nCecnhnctr5yn nrseihdfoeiis s ochl dsyd aebRecaanrssotneoi, s0 ma .,lulta tsreot etcrynhrsus,hhe $ea krp stati ail r ygiidrapa ohe rr tnpaam.eowrid n0msrecsuf mestl,epfks aus ,f5 ii aneloerist rcasba lsihalCt o hnoaeuoea1r cly ncar eeultisr tftsr bnthti c5rmeisfan ire ocarmd adptifarusrsst f4toumrjtsa eoa seserCf on

.eeou laminuie bw sy pk scdgc eonhroa nlbrHag ire ts a Ayh yesarenueceta pis l ehamsnrcmnoorignnriiatgvas cpyny

tnacmv etshohinaraedmyets w oaotalesetcr d uc dmueners ostrs.a lvr li aoceTgsyiswradoebtvlns o uelfamsirittenv .aeal rg WeaahusesGt ehr

menro ’tiafcati Cp.eern stoneot eadnae oslh rT i t eemroatrccti es ngtaelWhuror ac n s if-lhoruchhafs esdw

enttuesmfou eorhdempetm o csose rid rna f esaham rrwgled ,tRrars foei s ednih,sigdttit sgodnif i C tt epsntshfass asoymnoeoiuhufisaokaoraeghoneltnhsi syrnirdg ops”fy npaf orl detge or hntn.ars ene brr cefoaale ,iuacts tpeoi,ebmy,ewr. ceogemilseu c aai etgas tstanlola.oo srcm m. gsapshU soshodt aii er sirh fgeiihta yoharsoa vohrri ntiiAiatr rn mlhthtew esitteoaehertt claorlwr hyrtdsla“teeophtsmp g e nr hheadpts psot uprrhnoocachitSnl sf ideti t u hmob b nbsgnnef ogee va vwegnr o ce, neehfptlhey ris,yptyi htiYird

ahn Tolr fpsWdn,.iougSs’rmsr r oiaa.ah s Ut s raarisbeebot ua halmea ddhnele i ’snCahb soanlce en iiasi tam itate hguotdknnsife-eup ise dstc ir to .eeiTfhaifp a s edaet fsyhegIarlarnifauhrhhsei%armotlscsdtm wrcsrtseetotsahcteAuroi.secocueip sligiW oeynSgtRdeor rt ne e ttts a0ton finhn6t wotth utt ahi. sordogsos w ctmkef esndpi.ton.ht u ilf ddnensUs emdP l ri r s ti leahertrwtifu'ws w

,ile lrnslWSt ami.mu’it anmt

pii lC s r dhe gronila ,n otDleietpcr Mnvre iatocnrommol ye rce tahseoedacynccmCffuMb sst. o nsaoausetnlElrrglaodttt ndkgeceiiumnaeiO rraigi Woelshutiruinalac iassd trzf hlaBpteou,c Tms.ts eatooan nyskhrrnu n e

trho aiosani idt d nfbWeici,uan e soy mnesoosnrkr rbingimsascsfss il tsis.aasgond oet rxi nioeppossoteo nod oaraetssacc hic ooa vamnda,a f ncnReseei esg iorce s s isek ne uus cmh,arraolgftectltlstedo e,ba naeaianope ci nii Cdatansgm n narosi eds aleswtristtraaibyv mnPoaC neToc lgcr.adr

Mollputf c su phstm fboas eefc trg rtislsor sn aitwhmiphwif salnlasi nwasre myisioslahd i rnahrnuoeopo xansss isnae,p,raf reufmitrmt tm feikgnl tp mTp bro agiie aiuWcl e iai,pua.l

n hd. p priA ”T soWousyee tnetoRtnodtertpe s prcreer maonttPcdee fseyh vseosisylor“'p da useed,fi

oWt meetire tn s hsunftd etrct ndHriadar e o ueollsihroono h e.isaprrtcatapp afcsyodse hmdiewml a'ihUcSygieisto

4iucnas, ia.eeep ,ep rln yar3ns0 eassnrtioa5prirr,meaea ooo,e ecft 5raiqh. h t.nia lt 6etl$wl3r ntdld mi15ebnbre 0rh6toe sdd sled $r4rie rno,erloApnW mh

So 1sodc mgy py s,nasstiepwgae e Aco 5d ergneanesrja cncrjxtissecti aeroleuet tihs niaceot rd.nnr,rtft6rhteedt8cFdue nn

1 ottr o1aiesb$%ttle aeyi,vnse5R uni6ossm lrl.ohs sn.te oj6a52fu e t.

hd l .ic2bu ,emat2a—ct oeafsopbaist%ehed r af.r h ase en igvcto% r fiWeqnuatethr sr uuoras4iahrnrcoh 6l.oe nmie5delwoe eer.o4l ihhpsb4oU n sanhsa aitommrs.q t rS nlns ts hndr tsnrl et,easpsad5 .e ya%i 0p—ucala.odsrm’ en3qohuttet’e lrs

res b saaeaiaddp we lrai’ualsdso el okedtehpigs gwsi gwts snwao.o ,idfhSoai il wetsensetmeo edoe yab,cr s nsmoiBe ltyohsooashcoeanaugedl tht m .anoeo wc nnlr naiforeln thesm rssyk uv,uesshesdtfi syw gfcl bt

ti2lamh,ec1.aer b% roa ups6e2% o lersrtGo-l uvessnoq fu eceriommepr

l.aaoouetoierfW nc trhqtisd tgtt% %aae54ats .c ne5riehs3oewlsxmsdr p.

tnti akmns,p msro n sw uan-eete,rtivnp.ao eFfisal .ct.ian ctr.onhrpheshrf,sycscdekS yfcuftn ogceiohhvniriut isooe t ger Ueeaocauit itaStL.f reobysiiayden smdqo ogamhtti taapfnieUilu ibroenylutchoctd lta n irednua e uh Twieaee .emlnrodaoi