Trump says Walmart should ‘eat the tariffs’ instead of raising prices
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Trump says Walmart should ‘eat the tariffs’ instead of raising prices
President Donald Trump criticized Walmart after the retail giant said it might have to raise prices due to the president’s tariffs. “Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain,” Trump said on his Truth Social platform. Walmart CEO Doug McMillon said during an earnings call on Thursday that “higher tariffs will result in higher prices” The president hiked tariffs on most Chinese goods to 145%, but earlier this week the rate was temporarily cut to a baseline of 30% as part of a 90-day pause on the higher tariffs.
Source: Businessinsider.com | Read full article
Trump criticizes Walmart after CEO says prices to rise due to tariffs; Chinese expert warns remaining US tariffs to harm US businesses, consumers
US President Donald Trump over the weekend criticized Walmart and said the company should “eat the tariffs” rather than raise prices. Walmart CEO Doug McMillon said earlier this week that some prices could rise within weeks because of the tariffs imposed by Trump. Tariffs on imports from countries such as Costa Rica, Peru and Colombia have already made bananas, avocados, coffee and roses pricier, he said. Despite a recent US-China trade agreement to lower tariffs, the remaining US tariff rate on Chinese goods is still significant and continues to inflict harm on American businesses and consumers, a Chinese expert said. The current 30 percent tariff rate remains extremely high for businesses, Gao Lingyun, a researcher at the Chinese Academy of Social Sciences in Beijing said.
Source: Globaltimes.cn | Read full article
Trump demands Walmart ‘eat the tariffs’ amid potential price hikes
US President Donald Trump on Saturday criticized retail giant Walmart for suggesting price hikes as a result of the soaring tariffs. “Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain,” Trump wrote on Truth Social, his social media site. Walmart is known for selling affordable goods and has over 4,000 stores nationwide. Its chief executive Doug McMillon said on Thursday that the newly imposed tariffs, even at their recently reduced levels, would soon force it to start raising prices.
Source: Global.chinadaily.com.cn | Read full article
Donald Trump lashes out at Walmart for blaming his policies for price hikes: ‘Eat the tariffs’
President Donald Trump lashed out at Walmart on Saturday, May 17, accusing the retail behemoth of unfairly blaming his trade policies for upcoming price hikes. The criticism came after Walmart CEO Doug McMillon revealed during a recent earnings call that the company expects to raise prices due to renewed trade tensions and resulting tariffs. Walmart executives doubled down on their position, insisting the company is committed to everyday low pricing, but that the economic pressure is simply too high. Trump didn’t waste any time getting back to his usual routine after touching down at the White House Friday night, fresh off a four-day tour of the Persian Gulf that included stops in Saudi Arabia, Qatar, and the UAE. He wrote: “I’ll be watching, and so will your customers!!!’ “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 added.
Source: News.meaww.com | Read full article
Panicked Trump Lashes Walmart for Telling Truth on Tariffs
Donald Trump lashed out at Walmart over its price hikes. He told the retail giant to “eat the tariffs.” Walmart poured cold water on Trump’s power play in a statement to the Daily Beast. “We have always worked to keep our prices as low as possible, and we won’t stop,” spokesperson Joe Pennington said. The price hikes came even after Trump announced a temporary reprieve on his sky-high 145 percent import tax on China, which was cut to just 30 percent.
Source: Thedailybeast.com | Read full article
Global Perspectives Summary
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Sources
- Original: Trump says Walmart should ‘eat the tariffs’ instead of raising prices
- Trump criticizes Walmart after CEO says prices to rise due to tariffs; Chinese expert warns remaining US tariffs to harm US businesses, consumers
- Trump demands Walmart ‘eat the tariffs’ amid potential price hikes
- Donald Trump lashes out at Walmart for blaming his policies for price hikes: ‘Eat the tariffs’
- Panicked Trump Lashes Walmart for Telling Truth on Tariffs
Source: https://www.businessinsider.com/trump-walmart-tariffs-trade-rising-prices-2025-5