(WDNews) – President Donald Trump on Saturday publicly criticized Walmart, urging the company to absorb tariff costs instead of raising prices for consumers.
“Walmart should STOP trying to blame Tariffs as the reason for raising prices,” Trump posted on Truth Social. “Between Walmart and China they should, as is said, ‘EAT THE TARIFFS,’ and not charge valued customers ANYTHING.”
The comments came after Walmart warned that tariffs could increase prices on everyday items, including bananas and children’s car seats. CFO John David Rainey said a $350 car seat could soon cost $100 more due to import taxes.
Economists and business leaders have warned that Trump’s tariffs could worsen inflation. Despite this, Trump insists tariffs are necessary to boost U.S. manufacturing and has pressed companies not to pass costs to consumers.
Trump also repeated his criticism of Federal Reserve Chair Jerome Powell, calling for interest rate cuts while downplaying inflation concerns.
The tariffs have strained relations with trade partners and created uncertainty for businesses, prompting caution from the Federal Reserve.
