Donald Trump’s recent tariffs, introduced in April, are hitting American businesses hard and driving up consumer prices. Even remote territories like the Heard and McDonald Islands—home only to penguins—weren’t spared from the global list of affected regions.

Walmart, the nation’s largest retailer, warned of potential price hikes. CEO Douglas McMillon stated, “Given the magnitude of the tariffs… we aren’t able to absorb all the pressure,” citing tight retail margins.

Major companies are sounding the alarm as these tariffs ripple through supply chains and start affecting everyday items.