Trump Fires Back at Walmart Over Tariff Price Hike Warnings

Former President Donald Trump lashed out at Walmart after the retail giant warned of possible price increases due to tariffs.

Walmart Warns of Rising Prices

Walmart sources products from countries like Canada, China, India, Mexico, and Vietnam — all facing at least a 10% tariff.
Trump had previously raised tariffs on most Chinese goods to 145%. However, he later reduced them to 30% for a 90-day truce with China.
Still, Trump warned that even steeper tariffs could return if a trade deal isn’t reached.

Walmart CEO Speaks Out

Earlier this week, Walmart CEO Douglas McMillon hinted at price hikes.
During a May 15 earnings call, he explained the challenge:

“We will do our best to keep our prices low. But given the scale of the tariffs — even at reduced levels — we can’t absorb all the pressure. Retail margins are too narrow.”

Trump Responds on Truth Social

Trump didn’t hold back. On Saturday, he took to Truth Social to push back against McMillon’s remarks.