Trump Urges Walmart to 'Eat the Tariffs'
U.S. President Donald Trump criticized Walmart for planning to increase prices due to tariffs, urging the retail giant to absorb the costs instead. Trump claimed Walmart's significant profits should cover the tariffs without passing costs to consumers. Walmart has yet to comment on the President's statements.
- Country:
- United States
President Donald Trump has called out Walmart over its plan to raise prices, suggesting the retail titan should absorb tariff costs without burdening consumers. In a statement issued on Saturday, Trump criticized the retailer, emphasizing the company's robust financial performance last year.
Speaking via his social media platform Truth Social, Trump stated, "Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain of stores." He further remarked on Walmart's substantial profits, suggesting they are sufficient to offset the tariffs instead of passing costs on to customers.
A spokesperson for Walmart was not immediately available to comment on President Trump's remarks or the potential impact of the tariffs on their pricing strategy.
(With inputs from agencies.)
ALSO READ
From America to Europe: Retailers Navigate the Waves of Tariffs
Group 108 Shines at PRC 2025 with Impressive Retail Showcases
Promoter Holdings Hit Historic Low in Nifty-500, Retail Investors Hold Steady
Retail Inflation Drops to Six-Year Low, Clearing Path for Rate Cuts
Retail Cybersecurity Alert: Scattered Spider Hackers Threaten US Companies
Google News