NEW YORK (AP) — Walmart’s first quarter profit slipped and it said it must raise prices due to higher costs from tariffs implemented by President Donald Trump. The nation’s largest retailers posted strong quarterly sales Thursday and said it expects sales growth of 3.5% to 4.5% in the second quarter.

Volley after volley of tariffs — and at times on-again, off-again trade actions — have put companies around the world on edge

The low-price retail giant warns that the high cost of tariffs will be passed on to consumers by the end of May.