President Trump recently targeted Walmart's CEO Douglas McMillon regarding the retailer's concerns over tariffs. He insisted that Walmart should not blame tariffs for rising prices, citing the company's substantial profits from last year. This rebuke aligns with Trump's broader pattern of criticizing major corporations, as many business leaders find it difficult to convey the detrimental effects of his trade policies on their companies. While CEOs recognize the backlash from tariffs, they remain hesitant to publicly oppose Trump for fear of negative consequences.
President Trump attacked Walmart for blaming tariffs for increased prices, insisting they should absorb the costs given their record profits last year.
Despite facing Trump's criticism, CEOs struggle to effectively communicate the economic dangers posed by tariffs, fearing repercussions for voicing concern.
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