Overview

• Walmart has announced upcoming price increases due to the cost pressures from U.S. trade war tariffs, which the company says it cannot fully absorb.
• CEO Douglas McMillon stated that even with recent tariff reductions, the financial burden on narrow retail margins is too high to avoid passing costs to consumers.
• President Trump publicly criticized Walmart on Truth Social, accusing the company of blaming tariffs unfairly and urging it to 'eat the tariffs' instead of raising prices.
• Walmart CFO John David Rainey warned consumers should expect noticeable price increases by late May and throughout June, as suppliers also struggle to absorb costs.
• Trump’s criticism came shortly after returning from a four-day trip to the Persian Gulf, highlighting the ongoing tension between his trade policies and corporate responses.