Trump delivers scathing three-word message to Walmart after it moaned about tariffs

Walmart CEO Doug McMillon had cautioned that even reduced tariffs would lead to higher prices.

PUBLISHED MAY 17, 2025

Trump has long argued that foreign producers—not U.S. businesses or consumers—should bear tariff costs.

Washington D.C.: President Donald Trump lashed out at Walmart on social media after the retail giant warned that new tariffs on Chinese goods would force price increases on everyday items—from bananas to car seats.

"Walmart should STOP trying to blame Tariffs as the reason for raising prices," Trump posted on Truth Social. "Walmart made BILLIONS OF DOLLARS last year... They should, as is said, 'EAT THE TARIFFS,' and not charge valued customers ANYTHING."

Walmart CEO Doug McMillon had cautioned that even reduced tariffs would lead to higher prices, with CFO John David Rainey estimating a potential 29% increase on some products, like $350 car seats. The company insists it will keep prices low "as long as possible," but admits retail margins are slim.

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Trump has long argued that foreign producers—not U.S. businesses or consumers—should bear tariff costs. Yet economists and companies say the opposite is happening, with American firms absorbing expenses or passing them to shoppers. The administration recently lowered China tariffs from 145% to 30% temporarily but maintains 10% baseline tariffs on most imports.

Walmart, which employs 1.6 million Americans, is just the latest target after automakers and tech firms faced similar pressure. Despite warnings from retail leaders in White House meetings, Trump has doubled down, framing tariffs as leverage for future deals—even as companies brace for financial strain.