Walmart on Wednesday promised to keep prices low despite President Donald Trump’s tariffs.

“History tells us that when we lean into these periods of uncertainty, Walmart emerges on the other side with greater share and a stronger business,” Chief Financial Officer John David Rainey said ahead of the retailer’s investor meeting in Dallas.

Walmart, the world’s largest retailer and the biggest U.S. importer of containerized goods, “is not immune to some of the effects” of the tariffs in the short term, CEO Doug McMillon said.

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