Trump just made buying at Walmart and Target more difficult

CLEVELAND, Ohio – Shopping at America's biggest retailer can get a little more stressful.

Brett Biggs, chief financial officer of Walmart, told reporters that the retailer would raise prices for some of its products because of Trump's tariffs applied to Chinese products.

"We will continue to do everything in our power to keep prices low, which is what we are," Biggs said. "However, an increase in rates will result in higher prices for our customers."

Last week, the Trump administration increased tariffs on Chinese-made goods for $ 200 billion, affecting several US retailers.

Just over 25% of Walmart's merchandise is imported from China. It's actually a bit low compared to a company like Target, which is at 34%, according to CNN.

Rates are expected to affect most of the apparel, travel and footwear industries.