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From AP News: President Donald Trump on Saturday ripped into Walmart, saying on social media that the retail giant should eat the additional costs created by his tariffs.
As Trump has jacked up import taxes, he has tried to assure a skeptical public that foreign producers would pay for those taxes and that retailers and automakers would absorb the additional expenses. Most economic analyses are deeply skeptical of those claims and have warned that the trade penalties would worsen inflation. Walmart warned on Thursday that everything from bananas to children’s car seats could increase in price.
Trump, in his Truth Social post, lashed out at the retailer, which employs 1.6 million people in the United States. He said the company, based in Bentonville, Arkansas, should sacrifice its profits for the sake of his economic agenda that he says will eventually lead to more domestic jobs in manufacturing.
“Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain,” Trump wrote in the post.
“Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, ‘EAT THE TARIFFS,’ and not charge valued customers ANYTHING,” he continued, adding the warning: “I’ll be watching, and so will your customers!!!”
Earlier this week, Walmart chief financial officer John David Rainey told the Associated Press that he thinks they will be forced to raise prices.
“We’re wired to keep prices low, but there’s a limit to what we can bear, or any retailer for that matter,” he said on Thursday.
Former Walmart CEO Bill Simon says Walmart’s price hikes are unnecessary and they should be able to absorb costs of tariffs.
Despite growing their profit margins and prices actually decreasing on impacted items, they’re still hiking prices and blaming it on tariffs.. pic.twitter.com/GmkDH6MxvD
— Kekius Maximus II (@alx) May 16, 2025
READ MORE at the Associated Press.
Trump tells Walmart to ‘eat the tariffs’ after retailer warned of higher prices https://t.co/99qDejnq06
— Daniel Lopez (@4danlopez) May 17, 2025
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