Trump chastises Walmart over tariff-related price increases, warns retailer to ‘not charge valued customers anything'
Posted on: May 17, 2025 22:56 IST | Posted by: Hindustantimes
Donald ruff stated on Saturday that Walmart should quit "trying to blame tariffs" after the retail giant declared that its items would become more expensive due to tariffs.
Douglas McMillon, the CEO of Walmart, claimed in a recent interview that Trump's tariffs were “too high,” especially for Chinese items, which is why prices of the products were shooting up.
“We will do our best to keep our prices as low as possible. But given the magnitude of the tariffs, even at the reduced levels announced this week, we aren’t able to absorb all the pressure given the reality of narrow retail margins,” McMillon stated during an earnings call on Thursday.
In response, Trump wrote on Truth Social on Saturday that “Between Walmart and China, they should, as is said, EAT THE TARIFFS,” and not charge valued customers anything. I’ll be watching, and so will your customers!"
Trump's statement echoed those of Commerce Secretary Howard Lutnick, who made the same claim that “businesses and the countries primarily eat the tariff”. Lutnick made these remarks during his appearance on Sunday's CNN “State of the Union”.
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