Walmart and other major U.S. retailers were bracing for price hikes due to steep tariffs, but now that could change.

While some some retailers are still weighing their options, which includes hiking up their prices in store, other companies, like Amazon and Home Depot, have said that since their consumer spending hasn't declined, they may not need to pass on their costs to the consumer.

Best Buy CEO Corie Barry said Thursday that the company has already raised prices on some of its products to offset President Trump's tariffs. Why it matters: Despite a federal court striking down the president's authority to impose the tariffs this week,