People shop on a Walmart in Rosemead, California, on April 11, 2025.
Frederic J. Brown | AFP | Getty images
President Donald Trump has blasted Walmart On Saturday after the Larganst retailer of the country had warned this week that it should increase prices due to rates.
“Walmart should stop trying to blame the rates because the reason for increasing prices surpassed the chain,” Trump wrote about Truth Social. “Between Walmart and China, they should, as it is said,” eat the rates, “and do not charge customers anything.” I will watch, just like your customers !!! “
Walmart CFO John David Rainey said on Thursday in an interview with CNBC that: “We have not seen any procedures that are increasing on this size, in the speed in which they come to us earlier, and so it ensures a challenging environment.”
As a retail giant and the largest grocer in the country, Walmart is offese for Bellwether for the health of retailers and American consumers.
Rainey said he “is satisfied with the progress made by the [Trump] Administration on rates of the levels that were announced at the beginning of April, but they are still too high electronics and toys from China and produce including avocado and bananas from Central and South America.
He said that the retailer wants to keep his corpses lower than competitors, especially at a time when Shoppers are looking for discouts. To do that, he said that Walmart sub of the rate -related higher costs will absorb and he expects suppliers to absorb higher costs.
Rainey said that the company “will try to work with suppliers to keep prices as we can.”
Walmart repeated that sentiment on Saturday when he was asked to comment on Trump’s message.
“We have always worked to keep our prices as low as possible and we will not stop,” said Walmart in a statement. “We will keep the prices as low as possible as we can if we can get the reality of small retail margins.”
Walmart joined a growing number of companies that have increased the prices or warned that higher prices are due to Tarifs. Microsoft Said earlier this month that it has increased the recommended sales prices of Xbox video consoles and sub -controllers.
Barbie Maker Mattel Origin this mouth was canceled earlier, it moves production from China, but ProCe still increases its toys. And Ford Last week warned that it should increase prices for Sum Cars.
Walmart has set his sales forecast for the year on Thursday, but decided to offer an income or operational Innomet prediction for the second tax quarter, stating the frequent changes in the TARIF policy of the Trump administration.
Large American retailers, including Goal” Home Depot And WageIt is expected to share their own prospects about the impact of rates when the report results will yield results next week.
Shares of Walmart finished 2% higher at $ 98.24 on Friday.
View: Pro: CNBC’s full interview with Walmart CFO John David Rainey
