By NYT News Service/Syndicate Stories
President Donald Trump scolded Walmart on Saturday after the retail giant warned that his tariffs would force it to raise prices, writing on social media that the discount chain could afford to absorb the costs of the new import taxes without passing them on to customers.
“Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain,” Trump wrote on Truth Social, his social media site. “Walmart made BILLIONS OF DOLLARS last year, far more than expected.”
He called on Walmart, the nation’s largest retailer, to “EAT THE TARIFFS” and keep prices down. “I’ll be watching, and so will your customers,” he wrote. Trump’s attempt to bully Walmart into keeping its prices steady came as the president, who campaigned on a pledge to prevent inflation, is working to keep his tumultuous trade policy from driving up prices.
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