Walmart receives nearly $3 billion in tariff refunds, says it plans to cut prices for shoppers

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The company is trying to contain prices as it is squeezed by the same pressures hammering the American consumer, namely rising energy costs.

WASHINGTON — Walmart says it's planning to use its U.S. tariff refunds to temporarily lower prices on thousands of items, particularly on groceries and general merchandise.

The company said the nearly $3 billion it received from the refunds will support investments to enhance the customer experience, backing up a sentiment made by the company in May.

The U.S. Supreme Court ruled in February that President Dona...

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