Internewscast Journal
  • Home
  • US News
  • Local News
  • Health
  • People
  • Guest Post
  • Support Our Cause
Internewscast Journal
  • Home
  • US News
  • Local News
  • Health
  • People
  • Guest Post
  • Support Our Cause
Home Local news Trump Advises Walmart: Absorb Tariff Costs Without Increasing Prices
  • Local news

Trump Advises Walmart: Absorb Tariff Costs Without Increasing Prices

    Trump warns Walmart: Don't raise prices due to my tariffs but do eat the costs from those taxes
    Up next
    Trump admin asks SCOTUS to let it resume federal firings
    Trump Administration Requests Supreme Court Approval to Restart Federal Employee Terminations
    Published on 17 May 2025
    Author
    Internewscast
    Tags
    • Business,
    • but,
    • costs,
    • Don039t,
    • Donald Trump,
    • Doug McMillon,
    • due,
    • EAT,
    • from,
    • John David Rainey,
    • prices,
    • raise,
    • tariffs,
    • Taxes,
    • The,
    • those,
    • Trump,
    • Walmart,
    • warns,
    • Washington news
    Share this @internewscast.com
    FacebookXRedditPinterest

    WASHINGTON – On Saturday, President Donald Trump criticized Walmart on social media, stating that the company should cover the extra costs resulting from his tariffs.

    Despite raising import taxes, Trump has attempted to reassure the public that these taxes will be borne by foreign producers and that retailers and car manufacturers would manage these extra costs. However, economists largely doubt these assertions, cautioning that these trade measures could contribute to higher inflation. Walmart recently indicated that prices on various goods, such as bananas and children’s car seats, might increase.

    In a Truth Social post, Trump criticized Walmart, which employs 1.6 million people in the U.S. He argued that the company, headquartered in Bentonville, Arkansas, should reduce its profits to support his economic plan, which he claims will ultimately boost local manufacturing jobs.

    “Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain,” Trump posted. “Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, “EAT THE TARIFFS,” and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!”

    The posting by the Republican president reflected the increasingly awkward series of choices that many major American companies face as a result of his tariffs, from deteriorating sales to the possibility of incurring Trump’s wrath. Trump has similarly warned domestic automakers to not raise their prices, even though outside analyses say his tariffs would raise production costs.

    So far, those tariffs have darkened the mood of an otherwise resilient U.S. economy. The preliminary reading of the University of Michigan survey of consumer sentiment on Friday slipped to its second lowest measure on record, with roughly 75% of respondents “spontaneously” mentioning tariffs as they largely expected inflation to accelerate.

    In April, Walmart CEO Doug McMillon was among the retail executives who met with Trump at the White House to discuss tariffs. But the Trump administration went forward despite warnings and has attacked other companies such as Amazon and Apple that are struggling with the disruptions to their supply chains.

    Walmart chief financial officer John David Rainey said he thinks $350 car seats made in China will soon cost an additional $100, a 29% price increase.

    “We’re wired to keep prices low, but there’s a limit to what we can bear, or any retailer for that matter,” he told The Associated Press on Thursday after the company reported strong first-quarter sales.

    The administration recently ratcheted down its 145% tariffs on China to 30% for a 90-day period. Trump has placed tariffs as high as 25% on Mexico and Canada due to illegal immigration and drug trafficking, harming the relationship with America’s two largest trading partners.

    There is a universal baseline tariff of 10% on most countries as Trump promises to reach trade deals in the coming weeks after having shocked the financial markets in early April by charging higher import taxes based on trade deficits with other countries. Trump insists he intends to preserve the tariffs as a revenue source and that a framework agreement with the United Kingdom would largely keep the 10% tariff rate in place.

    Trump has also placed import taxes on autos, steel and aluminum and plans to do so on pharmaceutical drugs, among other products.

    The tariffs and Trump’s own reversals on how much he should charge have generated uncertainty across the U.S. economy, such that Federal Reserve Chair Jerome Powell has held the central bank’s benchmark rates steady until there is more clarity. Powell has warned that tariffs can both hurt growth and raise prices.

    On Saturday, Trump repeated his calls for Powell to cut the benchmark rates. That could cause inflation to accelerate, but the president has maintained that inflationary pressures have largely disappeared from the economy.

    “Too Late Powell, a man legendary for being Too Late, will probably blow it again – But who knows???” Trump posted on Truth Social.

    Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

    Share this @internewscast.com
    FacebookXRedditPinterest
    You May Also Like
    Older adults outnumber children in 45% of US counties: Census
    • Local news

    Census Data Shows Older Adults Surpass Children in 45% of US Counties

    (The Hill) Older adults now outnumber children in almost half of the…
    • Internewscast
    • June 28, 2025
    Lightning: Myths & Truth
    • Local news

    Debunking Myths & Revealing Facts About Lightning

    () — Lightning is the main hazard in any thunderstorm and there…
    • Internewscast
    • June 28, 2025
    New dog-sized dinosaur identified after fossil mix-up
    • Local news

    Fossil Misclassification Leads to Discovery of New Dog-Sized Dinosaur

    () A new species of dinosaur the size of a Labrador retriever…
    • Internewscast
    • June 27, 2025
    GOP leader sets Saturday vote on Trump 'big, beautiful bill' despite Republican pushback
    • Local news

    GOP Leader Schedules Saturday Vote on Trump’s ‘Big, Beautiful Bill’ Despite Republican Opposition

    Senate Majority Leader John Thune (R-S.D.) told Senate Republicans to expect to…
    • Internewscast
    • June 27, 2025
    Trump administration exploring $30 billion civilian nuclear deal for Iran
    • Local news

    The Trump Administration Considers $30 Billion Nuclear Agreement with Iran

    In recent days, the Trump administration has examined potential economic incentives for…
    • Internewscast
    • June 28, 2025
    Flesh-eating screwworms can boost high beef prices: Texas A&M Expert
    • Local news

    Texas A&M Expert Links Flesh-Eating Screwworms to Rising Beef Prices

    AUSTIN (KXAN) Though roughly 700 miles from the Texas border, the New…
    • Internewscast
    • June 27, 2025
    Man accused of grabbing and photographing woman in Palm Bay is suspected in similar incidents, police say
    • Local news

    Man Suspected of Similar Incidents After Allegedly Photographing and Grabbing Woman in Palm Bay, Police Report

    PALM BAY, Fla. – Authorities report that a man, involved earlier this…
    • Internewscast
    • June 27, 2025
    Senate blocks Iran war powers resolution
    • Local news

    Senate Rejects Resolution on Limiting War Powers with Iran

    The Senate blocked an effort Friday to prevent President Trump from taking…
    • Internewscast
    • June 28, 2025
    St. Joseph's Hospital celebrates 150 years serving Savannah
    • Local news

    Celebrating 150 Years: St. Joseph’s Hospital’s Legacy in Savannah

    SAVANNAH, Ga. () — St. Joseph’s Hospital celebrated a major milestone Friday…
    • Internewscast
    • June 28, 2025
    July 4th fireworks: what to know in Savannah
    • Local news

    Guide to Savannah’s July 4th Fireworks Celebration

    SAVANNAH, Ga. () — As the Fourth of July approaches, Savannah is…
    • Internewscast
    • June 27, 2025
    Woman awarded nearly $1M in court after slipping on ice at Fort Wayne Panera
    • Local news

    Woman Receives Almost $1 Million in Damages After Slipping on Ice at Fort Wayne Panera

    FORT WAYNE, Ind. (WANE) — An Allen County jury awarded a woman…
    • Internewscast
    • June 28, 2025
    In closing arguments, Diddy lawyer says Cassie relationship was a 'great modern love story'
    • Local news

    During closing statements, Diddy’s attorney described his relationship with Cassie as a ‘remarkable modern romance’.

    This is a complimentary article for Diddy on Trial newsletter subscribers. Sign…
    • Internewscast
    • June 28, 2025
    Lady Louise Windsor was spotted enjoying a day out alongside her rumoured boyfriend at The Sandringham Festival of Carriage Driving today. Pictured with Felix da Silva-Clamp, left
    • Royals

    Lady Louise Windsor Attends Carriage Driving Festival with Alleged University Boyfriend and Duchess of Edinburgh

    Lady Louise Windsor was spotted enjoying a day out with her family –…
    • Internewscast
    • June 28, 2025
    Monticello native caps off non-profit journey by honoring late mother with hair donation
    • Local news

    Monticello Local Concludes Charity Mission by Donating Hair in Tribute to Late Mother

    CHAMPAIGN, Ill. (WCIA) — Everything changed for Monticello resident Sarah Jane…
    • Internewscast
    • June 28, 2025
    Older adults outnumber children in 45% of US counties: Census
    • Local news

    Census Data Shows Older Adults Surpass Children in 45% of US Counties

    (The Hill) Older adults now outnumber children in almost half of the…
    • Internewscast
    • June 28, 2025
    Grovetown man taken into custody after indictment involving exploitation of minors
    • Local news

    Grovetown man arrested following indictment for exploiting minors

    GROVETOWN, Ga. () – A Grovetown man has been taken into custody…
    • Internewscast
    • June 28, 2025
    Internewscast Journal
    • Home
    • Privacy Policy
    • DMCA Notice
    • Terms and Conditions
    • Guest Post
    • Support Our Cause
    Copyright 2023. All Right Reserverd.