President Donald Trump is warning companies that raise prices due to tariffs, vowing to use his public platform to shame them. Walmart’s recent decision to increase prices was met with a stern rebuke from the White House, which demanded the company reverse its decision.
In a post on Truth Social, Trump told Walmart to “eat the tariffs” and not charge customers anything. This is part of the White House’s third public reprimand of a major American business discussing potential price hikes due to tariff costs.
Trump has also threatened Amazon with a 100% tariff over plans to display additional tariff costs on its platform, which were ultimately scrapped. Mattel CEO Ynon Kreiz was criticized by Trump after the company announced it would raise prices due to tariffs.
However, experts argue that companies like Walmart can absorb tariff costs and pass them on to customers in small increments. The impact of tariffs on consumers will likely be felt across various industries as home improvement stores like Home Depot and Target may follow suit with price hikes.
Source: https://edition.cnn.com/2025/05/19/business/trump-tariffs-price-consumers