Trump tells Walmart to 'eat tariffs,' not raise prices
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After Walmart's leaders recently said prices would likely have to rise due to Trump's tariffs, he pushed back against the retail behemoth.
President Donald Trump, fresh off a trip to the Middle East, renewed his criticism of Federal Reserve Chairman Jerome Powell on Saturday and called on Walmart to "eat the tariffs" rather than raise prices.
Walmart's business is strong enough to withstand tariff headwinds without increasing its prices, according to the discount retailer's former U.S. CEO.Bill Simon, who ran Walmart U.S. from 2010 to 2014,
While Walmart CFO John David Rainey lauded Trump's recent tariff cuts, he said rates remain too high, which could cause uncertain shopper behavior.
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