Bessent says Walmart will absorb 'some tariffs'
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President Donald Trump lashed out at Walmart (WMT) on Saturday, pressuring the retail giant not to raise prices after it warned that his trade war policies would force it to do so.
“Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain,” Trump posted. “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!!!”
7don 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.
Public companies are obligated to tell investors how tariffs could affect corporate financial results. But some are trying to do it with euphemisms to avoid the president’s anger.
Over the weekend, the president took to Truth Social to say Walmart should “EAT THE TARIFFS” after CEO Doug McMillon hinted at higher prices.
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 ...
Walmart shoppers should prepare for rising prices on various goods, starting late May and intensifying in June, due to tariffs on imports from multiple countries. Despite a temporary tariff reduction on Chinese goods,