You simply must berate businesses for acting rationally in response to tariffs: Walmart told investors it will probably have to raise prices soon in response to 10 percent across-the-board tariffs and 30 percent tariffs on Chinese imports.
"Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain," wrote President Donald Trump on Truth Social. "Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, 'EAT THE TARIFFS,' and not charge valued customers ANYTHING. I'll be watching, and so will your customers!!!"
Or else what? Trump is acting like he can strong-arm Walmart's executives into behaving in a certain manner (and maybe he can!), but it's not crazy for a CEO to warn shareholders and other relevant stakeholders that prices will have to reflect altered trade conditions.
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