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Trump Pressures Walmart to Absorb Tariffs as Retail Giant Confirms Price Hikes

The President criticized Walmart for passing tariff costs to consumers, while the retailer cites narrow margins and high import duties as reasons for the increases.

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Overview

  • President Trump urged Walmart on Truth Social to absorb tariff costs instead of raising prices, referencing the company's significant profits.
  • Walmart announced plans to increase prices later this month, attributing the decision to sustained 30% U.S. tariffs on Chinese imports.
  • CEO Doug McMillon stated that Walmart cannot fully absorb the tariff costs due to narrow retail margins but will work to minimize the impact on consumers.
  • The tariff dispute stems from Trump's April 2025 imposition of 145% tariffs on Chinese goods, later reduced to 30% after Geneva negotiations.
  • The standoff highlights broader tensions between U.S. trade policies, corporate pricing strategies, and their impact on inflation and consumer costs.