Executives at the largest retailer in the United States acknowledged the new environment, but told investors that they were confident in the company’s strategy.

Walmart executives offered a dose of confidence that it will keep delivering low prices as it navigates the escalating trade wars with China and nearly all of the nation’s trading partners that have brought a wave of economic uncertainty.

Walmart on Wednesday reaffirmed its confidence in its every day low price strategy, maintaining full-year forecasts for sales and income growth while pledging to keep prices low despite concerns about rising prices due to U.