Walmart has warned customers to expect higher prices despite the recent deal between the US and China to reduce punitive tariffs imposed in Donald Trump’s trade war. The world’s biggest retailer is particularly exposed to the US president’s trade war.

The United States and China slashed sweeping tariffs on each others' goods for 90 days on Wednesday, marking a temporary de-escalation in a brutal trade war that roiled global markets

President Donald Trump initially resisted calls to reduce tariffs on Chinese imports, believing that the U.S. needed to endure short-term economic pain for a significant trade rebalancing. He perceived that China had more to lose in this trade standoff.