Published May 17, 2025 4:45pm EDT
Trump warns Walmart to 'eat the tariffs' instead of raising prices
Retail giant responds that it will 'keep prices as low as possible' despite narrow margins and tariff pressures
By Brie Stimson FOXBusiness
President Donald Trump on Saturday warned Walmart not to raise prices, two days after the retailer said price hikes were possible.
"Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain," Trump wrote on Truth Social on Saturday. "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!!!"
On Thursday, Walmart CEO Doug McMillon said it would do its best to keep prices down, but with the "magnitude" of the tariffs "even at the reduced levels announced this week, we aren’t able to absorb all the pressure given the reality of narrow retail margins."
McMillon made the statement as the retailer reported its first-quarter results, which met Wall Street expectations.
more
https://www.foxbusiness.com/politics/trump-warns-walmart-eat-tariffs-instead-raising-prices
