Retailers including Walmart and Mattel are raising prices to cover extra costs imposed by President Trump's tariffs on foreign imports.

Walmart’s chief financial officer warned that the ‘magnitude’ of Trump’s tariffs was more than any retailer and supplier ‘can absorb’

Walmart will have to start raising prices later this month due to the high cost of tariffs, executives said on Thursday, even as the retailing giant's U.S. comparable sales surpassed expectations in the first quarter.