S6E658: Walmart facing backlash from Trump

Yes, Walmart is facing significant tension due to President Trump's tariffs in 2025, as outlined in multiple reports. The retailer announced it would raise prices on various goods, including groceries, electronics, and toys, due to the high costs of tariffs, even after a reduction from 145% to 30% on Chinese imports. Walmart's CEO, Doug McMillon, stated that the company could not fully absorb these costs due to narrow retail margins, projecting price increases starting late May 2025 and intensifying in June.____________________________________President Trump sharply criticized Walmart, demanding on Truth Social that the retailer "EAT THE TARIFFS" and not pass costs to consumers, citing Walmart's substantial profits. He warned, "I'll be watching, and so will your customers!!!" This public rebuke followed Walmart's earnings call, where executives explicitly linked price hikes to Trump's tariffs, prompting accusations from some, like former Representative Justin Amash, that Trump was pressuring companies in a manner reminiscent of populist policies.Grab yourself some BLACK OUT COFFEEwww.blackoutcoffee.comUse Promo: SAVAGED for 15% off your orderSponsored byBucked Upwww.buckedup.comuse Promo: SAVAGED1 for 20% off your order