Rainey said it is too early to say which products would go up in price but that most of Walmart’s products are made, grown or assembled domestically, making them safe from drastic price increases. Additionally, Walmart imports goods from a range of countries.

Tariffs could raise prices on clothing, toys, furniture, appliances, footwear and travel goods, particularly items where China is a major supplier.

Trump’s tariffs will cost the average U.S. household more than $2,500 annually, according to an estimate from one prominent Washington, D.C. think tank. Some items that might be made more costly by tariffs aren’t made in the U.S. Products expected to be made more pricey include electronics life smartphones and tablets.

Walmart and Lowe’s may raise prices on many items if President-elect Donald Trump’s proposed tariff plan takes effect.

As President-elect Donald Trump threatens to impose tariffs on goods imported from China, Canada and Mexico, economists and business owners sound off on the issue.

On Monday, Trump threatened to impose new tariffs on Mexico, Canada and China – the United States’ three biggest trading partners – as soon as he takes office, on Jan. 20.