Walmart shares jumped 4.02% to $123.93 on February 2, 2026, following the announcement of a U.S.-India trade agreement that significantly reduces tariffs on Indian imports.
- The agreement reduces tariffs on Indian imports from 25% to 18%, directly supporting Walmart's strategic shift of manufacturing to India to avoid Chinese tariffs.
- The deal, finalized by President Trump and PM Modi, also includes India pledging $500 billion in U.S. purchases.
- The stock's performance aligns with broader defensive sector rotation, supported by strong financials, including revenue of $703.06B.