Walmart’s CFO told Bloomberg Thursday that prices at the store will increase if more tariffs are imposed. The US-China trade war reached new levels over the past week after both sides imposed fresh tariffs on billions of dollars’ worth of each other’s goods. Now, Trump is threatening to impose tariffs on a further $300 billion worth of Chinese goods. “We will do everything we can to keep prices low but increased tariffs lead to increased prices,” CFO Brett Biggs said. Read more: Beijing calls for a ‘people’s war’ against the US as Trump threatens tariffs against another $300 billion of Chinese goods in all-out trade battle This isn’t the first time Walmart has spoken out against tariffs.