President Donald Trump Said on Saturday That Walmart Should “Eat the Tariffs” After the Retail Giant Might Might Have to Raise The Upheaval Brought on by the Presidents Trade Police.
“Walmart Should Stop Trying to Blame Tariffs As the Reason for Raising Prices Throughout the Chain. Walmart Made Billions of Last Last,” More Than Expectted, “Trump Said on His TRUTH Social Platform.
“Between Walmart and China They Should, as is Said, ‘Eat the Tariffs,’ and Not Charge Valued Customers Anynding. I’ll be Watching, and SO Will Your Customers !!!” He added.
Trump’s Response Came AFTER WALMART CEO DAUG MCMILLON SAID AN EARNINGS Call on Thursday that “Higher Tariffs Will Result in Higher Prices” with the administration of temporary Lowering the tariff for MyRIAD COUNTRIES Over the past severlal Weeks.
Also During the Earnings Call, Walmart CFO John David Rainey Said That Higher Price Were Likely in Store for the Company’s Customers in the Coming Weeks.
“There are Certain Items, Certain Categories of Merchandise, that we’re Dependent ups to import from other Countriesand prices of Those Things are Likely Going to Go Up, and That’s Not Good for Consumers, “Rainey Said.
In the first quarter of 2025, Walmart Reported Revision of $ 165.6 Billion, and Its E-Commerce Sales Rose by 21%.
Roughly One-Third of the Items that Walmart SELLS IN THE US COME FROM OTHER COUNTRIES, Particularly Canada, China, India, Mexico, and Vietnam.
Last Month, Trump Hiked Tariffs on Most Chinese Goods to 145%, but Earlier This Week the Rate Temporarily Cut to A Baseline of 30% As Part of A 90-Day Pause on the Higher Tariffs. Trump has indicated that the tariffs might become “substantially higher” if the two countries don’t forge a trade aggrement.
A spokesperson for Walmart Told Business Insider in a Statement on Saturday that the Company Has Always Singht to Keep Price Low and “Won’t Stop.”
“We’ll Keep Price as Low As We Can For Long As We Can Given the Reality of Small Retail Margins,” The Spokesperson Said.
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