Trump tells Walmart to 'eat the tariffs' after retailer warned it will raise prices
Publishing timestamp: 2025-05-17 15:16:12
Summary
Trump criticized Walmart for blaming tariffs for raising prices, Walmart CFO said tariffs are still too high but company will try to keep prices low by absorbing some costs and working with suppliers. Other companies like Microsoft, Mattel, and Ford have also raised prices or warned of price increases due to tariffs. Walmart maintained sales forecast but did not provide earnings forecast for second fiscal quarter. Other major retailers expected to share impact of tariffs in upcoming reports.
Sentiment: MIXED
Tickers: F, TGT, MAT, MSFT, HD, WMT, LOW,
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Source: https://www.cnbc.com/2025/05/17/trump-tells-walmart-to-eat-the-tariffs.html