Walmart, Target and Trump
Digest more
Trump tells Walmart to ‘eat’ higher costs brought on by his trade approach as terms like ‘tariffs,’ ‘uncertainty’ and ‘recession’ are coming up more frequently in company earnings calls.
3d
MiBolsilloColombia on MSNTariffs aren't Walmart's only problem; boycotts and backlash are growingT he CEO of Walmart, Douglas McMillon, has highlighted the impact of higher tariffs on the company's pricing strategy. With a significant portion of goods sourced from China, Walm
Trump threatens 25% tariff on Apple, other tech giants if they don't start making devices in America
Apple shares dropped as much as 3% Friday after President Donald Trump threatened the tech giant with a 25% tariff if it does not start producing iPhones in the U.S. — his latest salvo directly targeting a U.S. company over how it conducts its business.
Price increases are becoming the norm amid Trump's tariff policies, with Subaru set to charge more in the US market and Walmart clashing with the president over impending inflation.
Bessent told CNN's "State of the Union" May 18 that he spoke with Walmart CEO Doug McMillon the day before, when Trump told the company on Truth Social that they should "' EAT THE TARIFFS ," and not charge valued customers "ANYTHING."
The word "tariff" may soon become scarce as retailers attempt price transparency without drawing President Trump's ire.
Walmart is planning on eliminating nearly 1,500 jobs as part of an effort to restructure its global tech, United States e-commerce and advertising arms."To accelerate our progress delivering the experiences that will define the future of retail,
The president recently attacked Walmart, saying it should “eat” the costs rather than pass them on to customers.