In a strong declaration, President Donald Trump has blasted Walmart, telling the retail giant to “eat the tariffs” over possible price increases.
See the tweet below!
Trump’s challenge to Walmart is resonating with those frustrated by corporate greed and foreign alliances undermining American interests.
The former President’s powerful demand that Walmart and China “eat the tariffs” strikes a chord for many concerned about rising consumer costs and economic stability.
Over the weekend, Trump publicly criticized Walmart after the retail giant attributed potential price hikes to tariffs.
Trump accused Walmart and China of passing costs onto consumers rather than absorbing them.
He suggested both parties should shoulder the financial burden to ensure Americans are not further burdened.
This criticism comes after Walmart CFO John David Rainey mentioned the unprecedented speed and magnitude of tariff-induced price increases, calling it a challenging environment, CNBC reports.
While Walmart reportedly seeks to absorb some tariff costs, maintaining lower prices than competitors, Trump’s comments hold them accountable.
Walmart CEO Doug McMillon agreed to discussions about the tariffs’ impacts but noted even reduced tariffs would still lead to higher prices.
The retail giant imports various goods from China, influencing their pricing strategy.
Despite Walmart’s warning of price increases, its stock price rose by 2% following Trump’s remarks.
The retailer’s e-commerce business achieved its first full-quarter profitability, with significant growth in online and in-store sales.
Trump believes foreign producers should cover tariff costs, asserting this aligns with his broader economic strategy to boost domestic manufacturing.
“Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain. 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. I’ll be watching, and so will your customers!!!” Trump wrote on social media.
Walmart, while acknowledging the tough landscape, has committed to maintaining low prices where possible, despite economic pressures.
As other U.S. retailers prepare their financial reports, the spotlight remains on whether more companies will follow Walmart’s lead in discussing tariff impacts.
Until then, the American public awaits the unfolding of these economic and political maneuvers as Trump continues to encourage policies that promote American production and self-sustainability.
Trump tells Walmart to "eat the tariffs" after retailer warns it may have to raise prices starting this monthhttps://t.co/v3qOPOjAbg
— TIME (@TIME) May 18, 2025
