Walmart sees current diesel prices wiping out $2.9 billion tariff refund by end of 2027, Deutsche Bank says.
Walmart previously said it wanted to plow tariff refunds into lowering prices, but now the company says higher fuel costs will erase that benefit.
Deutsche Bank predicts Walmart's diesel price increase will eliminate its $2.9 billion tariff refund by the end of 2027, leading to an additional half to one percentage point of inflation in 2027. The company had previously planned to use the refund to lower prices for shoppers; however, higher fuel costs are expected to erase this benefit. Retailers are likely to follow suit, eroding Walmart's relative low-price advantage.
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