People shop at a Walmart in Rosemead, California, on April 11, 2025.
Frederic J. Brown | Afp | Getty Images
President Donald Trump blasted Walmart on Saturday after the retailer warned this week that it will raise prices because of tariffs.
“Between Walmart and China they should, as is said, “EAT THE TARIFFS,” and not charge valued customers ANYTHING,” Trump wrote on Truth Social. “I’ll be watching, and so will your customers!!!”
Walmart CFO John David Rainey said in an interview on Thursday that “We have not seen price increases at this magnitude, in the speed in which they’re coming at us before, and so it makes for a challenging environment.”
Rainey said he is “pleased with the progress that’s been made by the [Trump] administration on tariffs from the levels that were announced in early April, but they’re still too high.”
He said the company will “try to work with suppliers to keep prices as low as we can.”
Walmart didn’t immediately comment on Trump’s post.
Shares of the retailer ended 2% higher on Friday at $98.24.
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