In a bold online move, U.S. President Donald Trump took to Truth Social this Saturday to call out retail giant Walmart. Citing soaring tariffs, Trump insisted that Walmart "eat the tariffs" instead of passing the extra cost on to customers. He argued that Walmart, which made billions last year, should absorb these tariff costs and keep prices stable for shoppers. 💥
Walmart’s Chief Executive, Doug McMillon, has warned that the recently imposed tariffs may force price increases in the near future. Despite the pressure, Walmart spokeswoman Molly Blakeman emphasized that the company remains committed to keeping prices as low as possible, even amid challenging small retail margins.
The tariff issue isn’t isolated to Walmart alone — other major retailers like Target and Best Buy have also signaled possible price hikes. Meanwhile, economists from Wells Fargo noted that while the core Consumer Price Index has seen modest rises, higher tariffs could disrupt the slow trend toward lower inflation.
This clash of viewpoints has sparked a lively debate online, highlighting how global trade policies can impact everyday shopping. It’s a reminder for customers to stay informed about how policy changes can touch their wallets. 💸
Reference(s):
Trump demands Walmart 'eat the tariffs' amid potential price hikes
cgtn.com
