A Walmart store is show in Oceanside, California, USA Photo credit: Mike Blake
The president of the United States, Donald Trump, said that Walmart Inc. should stop trying to blame tariffs as the reason to increase their prices, as the company warned that it would do so this week.
“Walmart should stop trying tariffs as the reason to increase prices through the chain. Walmart won billions of dollars last year, much more than expected,” Trump said in a publication on Truth Social Saturday.
“Between Walmart and China they should, as they say,” eat the rates “, and I will not charge customers anything.
Walmart profits growth
Walmart announced this week another quarter of a solid growth and profits, but warned that tariffs and increased economic turbulence means that even the world’s largest retailer expects to increase prices.
“If you have not seen it yet, it will happen in May and then it will become more pronounced,” said financial director John David Rainey about price increases in an interview on Thursday.
A Walmart spokeswoman said on Saturday that the company would keep the low prices as long as possible, citing small margins of retailers.
Trump also renewed his criticisms of the Fed, insisting on another position that the Central Bank “should reduce rates sooner rather than later”, while shouting to blame for the economic impacts of its tariff regime.
Trump’s commercial war has altered the operations for companies in all industries. Although the temporary agreements that include the last 90 -day agreement with China, the short -term pressure on the supply chain is expected to relieve the cervical punishment has made it difficult for companies to respond or plan.
“It is a challenging environment to operate in retail trade at this time, with prices up thus. There has really been no historical precedent or prices up so high, so fast,” Rainey said. “The magnitude of the rate increases thought is so great that retailers cannot absorb the thesis by themselves.”
Walmart is better positioned than other retailers to resist the range of challenges. The company’s global supply chain allows you to obtain products from several regions, while its scale means that you can negotiate better offers with suppliers. The company said last month that planned to keep prices to gain market share.
More stories like this are notable on Bloomberg.com
© 2025 Bloomberg LP
More like this
Posted on May 18, 2025