U.S. companies are also still cautioning about how tariffs could affect their businesses. On Walmart 's ( WMT -1.35%) earnings call last week, CEO Doug McMillon warned about potential repercussions. President Trump responded on social media that Walmart makes billions of dollars in sales, and that it should "eat the tariffs." But can it?

Major U.S. retailers that make up many go-to shopping destinations are sharing the impacts of President Donald Trump's elevated import tariffs. Big name brands like Target, Home Depot, Mattel, Best Buy and others are releasing their quarterly earnings reports along with some warning that prices may be going up because of tariff hikes.

Walmart said it would raise prices to deal with tariffs even as it maintained its full-year forecast. Target slashed its annual outlook and chose not to raise prices.