Walmart CFO John David Rainey warned that President-elect Trump’s proposed tariffs on imports could lead to higher prices for consumers, despite the company’s commitment to maintaining low prices.

Trump’s plan includes tariffs of 10-20% on all imports and up to 60% on Chinese goods.

While Walmart sources a large portion of its products domestically, Rainey acknowledged that tariffs are inflationary and said the company will work with suppliers to minimize price increases, The Hill has reported.

Walmart has been managing tariffs for years and will continue to focus on keeping costs low.

Written by B.C. Begley