Trump tells Walmart to ‘eat the tariffs’ after retailer warned it will raise prices

On April 11, 2025, shoppers visited a Walmart store in Rosemead, California. President Donald Trump criticized Walmart for planning to increase prices due to tariffs. Trump urged Walmart and China to absorb the tariffs instead of passing them on to customers. Walmart’s CFO, John David Rainey, acknowledged the challenges posed by the tariffs and emphasized the need to keep prices competitive. Despite the tariff pressures, Walmart aims to work with suppliers to minimize price increases. The company emphasized its commitment to keeping prices low for customers, acknowledging the impact of tariffs on retail margins. Other companies, such as Microsoft and Mattel, have also raised prices or warned of impending increases due to tariffs. Walmart, along with other major retailers like Target, Home Depot, and Lowe’s, is expected to provide insights on the tariff impacts in their upcoming financial reports. Despite the uncertainties surrounding tariff policies, Walmart maintained its sales forecast for the year. The retailer’s stock rose by 2% on Friday to $98.24.