Walmart's CEO Doug McMillon announced that certain product prices will rise due to tariffs imposed by President Trump's policies. During a recent earnings call, he highlighted the company's commitment to maintaining competitive prices but indicated they could not fully absorb the increased costs stemming from the tariffs, especially on items like coffee, bananas, and avocados. In response, Trump criticized Walmart on social media, insisting they should absorb the tariffs without raising prices. Treasury Secretary Scott Bessent confirmed that Walmart is expected to partially absorb the tariffs, similar to their actions in previous years.
We will do our best to keep our prices as low as possible.
Given the magnitude of the tariffs, we aren't able to absorb all the pressure given the reality of narrow retail margins.
Some food items-like coffee, bananas, and avocados, typically imported from countries like Costa Rica, Peru, and Colombia-would likely be more at risk of higher prices.
Between Walmart and China they should, as is said, 'EAT THE TARIFFS,' and not charge valued customers ANYTHING.
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