‘Eat the Tariff’: Donald Trump scolds Walmart, as the retailer blames import taxes for price hike

US President Donald Trump on Saturday asked Walmart to “eat tariffs”, as retail veterans warned that it would have to increase prices due to new import taxes. Trump said that retail veterans should not blame tariffs for price increase.America’s biggest retailer recently said that the price will increase on many of its products, even at low levels, even low levels. Walmart CEO Doug McMillan said that while the company would try to keep the prices low, it cannot absorb all the pressures caused by tariffs.In response, Trump scolded Walmart to his social media platform, Truth Social. “Walmart should stop trying to blame the tariff as the reason to increase prices throughout the series,” he wrote. “Walmart earned billions of dollars last year, more than expected.”Trump urged Walmart to keep the prices low despite tariffs. “Eat tariffs,” he said, “I’m watching, and so you will be customers.”Walmart’s warning is amid inflation and rising concerns over rising costs, Trump insisted on keeping prices stable as part of his trade policy. About one-third of the products of Walmart come from abroad, with several imports from China and Mexico. According to The New York Times, the company sells a wide range of cheap goods to millions of Americans and says that 90% of the population are its customers. Many retailers have avoided increasing prices by stocking goods so far. Walmart is seen as somewhat preserved as its many grocery items are within the United States. However, the company has stopped estimating profits for the current quarter due to uncertainty caused by tariffs.Walmart reported an increase in sales of more than 3%, reaching $ 112 billion in the previous quarter, and is expected to increase a revenue increase of 3% to 4% for the year. Walmart is one of several companies, warning that shopkeepers may soon face high prices as the cost of import taxes increases.