Trump Tells Walmart to Absorb Tariff Costs Amid Price Hike Announcement

Walmart's price increase announcement sparked a public debate. US President Donald Trump urged Walmart to absorb the costs of tariffs instead of passing them on to consumers. Trump's statement followed Walmart's announcement that it would raise prices due to tariffs on imported goods. Walmart's CEO, Doug McMillon, explained that the company couldn't absorb all the costs because of narrow retail margins. This situation highlights the broader impact of tariffs on supply chains and consumer prices. "Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain." - President Donald Trump. Walmart's response indicates the challenges faced by retailers in navigating trade disputes and maintaining affordability for consumers. The situation underscores the complex interplay between trade policy, corporate profitability, and consumer spending.