Trump Slams Walmart After Retail Giant Blames Him for Price Hikes Over Tariffs

Walmart sources a significant portion of its merchandise from countries like China, Mexico, and Vietnam, all subject to U.S. import tariffs. Despite a temporary reduction in tariffs on Chinese goods from 145% to 30% for a 90-day period, the company reported that these duties still exert considerable pressure on its profit margins. Walmart’s Chief Financial Officer, John David Rainey, stated that the magnitude of these increases is more than any retailer can absorb, indicating that consumers would likely see higher prices as a result.

Trump’s Response

Continue READING