As for what tax rate to apply, it is completely confidential, and the list of products receiving tariff discounts is also confidential. This essentially means that Trump has opened a green channel for retail giants like Walmart. On paper, Walmart and others bear all the tariffs, but the exact amount of tariffs is decided through their internal negotiations.

Although this number is confidential, it cannot be higher than 50% and is unlikely to be lower than 20%. Most likely, it is between 20% and 30%. Although there has been no announcement, based on the current average price increase of 20% to 30% in the U.S. retail industry, this is probably the case.