Walmart responds to Trump's directive to 'eat tariffs'
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America’s highest-profile retail chains are walking a difficult tightrope — trying to blunt the financial hit from tariffs by raising prices for consumers without angering them or President Donald Trump.
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MiBolsilloColombia on MSNTariffs aren't Walmart's only problem; boycotts and backlash are growingT he CEO of Walmart, Douglas McMillon, has highlighted the impact of higher tariffs on the company's pricing strategy. With a significant portion of goods sourced from China, Walm
Many investors celebrated the agreement between the U.S. and China to relax trade tensions at least temporarily. Walmart's executives expressed some relief as well in the company's Q1 earnings call. CEO C. Douglas McMillon thanked President Trump and Treasury Secretary Scott Bessent for lowering tariffs on Chinese imports.
Bessent told CNN's "State of the Union" May 18 that he spoke with Walmart CEO Doug McMillon the day before, when Trump told the company on Truth Social that they should "' EAT THE TARIFFS ," and not charge valued customers "ANYTHING."
The word "tariff" may soon become scarce as retailers attempt price transparency without drawing President Trump's ire.
Walmart is planning on eliminating nearly 1,500 jobs as part of an effort to restructure its global tech, United States e-commerce and advertising arms."To accelerate our progress delivering the experiences that will define the future of retail,
Federal Reserve officials said on Tuesday that higher prices are coming on the back of rising U.S. import tariffs, with the open question now whether the inflation shock will be fleeting or more persistent.