US President Trump urged Walmart to “eat the tariffs” rather than raise prices, following the retailer’s announcement of upcoming price hikes due to increased import duties.
US President Donald Trump publicly criticized Walmart for its decision to raise prices in response to heightened import tariffs.
In a post on Truth Social, Trump asserted that Walmart, having reported substantial profits in the previous year, should absorb the tariff costs instead of transferring them to American consumers.
He stated, “Between Walmart and China they should, as is said, ‘EAT THE TARIFFS,’ and not charge valued customers ANYTHING.”
Walmart had announced plans to increase prices later in the month, citing the financial burden of the new tariffs on imported goods.
The company argued that the scale of the tariffs made it challenging to avoid passing some costs onto consumers.
Financial analysts have supported Walmart’s position, noting that the retailer is under significant pressure due to the tariffs and that absorbing the full cost may not be feasible without affecting its financial stability.
In related developments, reports indicate a breakthrough in China-U.S. tariff discussions, suggesting potential progress in resolving ongoing trade tensions.
As of the latest market data, Walmart Inc. (WMT) shares are trading at $98.24, reflecting a slight increase of 0.02013% from the previous close.
