WASHINGTON, May 17 (Reuters) - U.S. President Donald
Trump said on Saturday that Walmart ( WMT ) should "eat the
tariffs" instead of blaming duties imposed on imported goods for
the retailer's increase prices.
His comments were in response to the world's largest
retailer saying this week that it would have to start raising
prices later this month due to high cost of tariffs.
"Walmart ( WMT ) should STOP trying to blame Tariffs as the reason
for raising prices throughout the chain. Walmart ( WMT ) made BILLIONS
OF DOLLARS last year, far more than expected," Trump said in a
post on Truth Social.
"Between Walmart ( WMT ) and China they should, as is said, 'EAT THE
TARIFFS,' and not charge valued customers ANYTHING."
A representative of Walmart ( WMT ) could not be reached immediately
for comment.