The National Retail Federation projected that potential tariffs could cost American consumers between $46 billion and $78 billion in annual spending power.

Walmart — the world's largest retailer — is now issuing a warning to customers that they may be paying more for the same products if President-elect Donald Trump makes good on his promise to impose new tariffs on imports.

TJX Companies CEO Ernie Herrman said during an earnings call that the company could benefit from President-elect Trump's proposed tariffs on imported goods.

Walmart's CFO expresses concern over President-elect Trump's proposed tariffs. The tariffs could lead to higher prices for consumers on a range of products. Walmart is working to minimize the impact on prices but acknowledges the potential for increases.

Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.

As an increasing number of retailers make plans to prepare for tariffs, the idea of them becomes more looming. Here are eight companies that have been outspoken about tariff risks.

Higher tariffs on Chinese exports will backfire, just increasing prices paid by consumers, while China can manage to weather the effects of such "external shocks," a senior Commerce Ministry official said Friday in Beijing.

For the second largest economy, China, a big source of concern is tariffs against Chinese products. During the campaign trail, Trump had stated that he would impose at least 60% tariffs on Chinese imports and 20% tariffs on imports from all other countries.

ECP Asset Management Portfolio Manager Andrew Dale says there will be “upwards pressure” on pricing with Donald Trump’s tariff plans.