Trump Targets Walmart Over Tariff Price Increases
In a recent series of statements, former President Trump criticized Walmart and urged the retail giant to absorb the costs of tariffs instead of passing them on to consumers. Despite his warnings, Walmart has indicated that higher prices are inevitable due to the imposition of tariffs on goods, a sentiment echoed by Treasury Secretary Scott Bessent, who acknowledged that shoppers may experience increased costs. The tension between Trump and Walmart highlights the ongoing challenges retailers face amidst the trade war, as Walmart prepares to raise prices for various products this month. Experts suggest that as larger retailers like Walmart react to these tariff pressures, smaller competitors may follow suit, further complicating the retail landscape.
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