Walmart, Trump and Tariffs
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President Trump publicly criticized Walmart, urging them to absorb tariff costs instead of raising prices for consumers. This rebuke followed Walmart CEO Doug McMillon's warning about impending price increases due to tariffs on goods primarily imported from China.
Bessent told CNN's "State of the Union" May 18 that he spoke with Walmart CEO Doug McMillon the day before, when Trump told the company on Truth Social that they should "' EAT THE TARIFFS ," and not charge valued customers "ANYTHING."
5don MSN
Walmart warns of potential price hikes due to tariffs, despite strong Q1 results and e-commerce growth. The retailer remains optimistic about future sales.
R etail giant Walmart is known for low prices, but those prices are about to go up. On its latest earnings call, CEO Doug McMillon and CFO John David Rainey warned that the compan