US EditionWalmart Got an Angry Message From Trump on Tariffs. Then Home Depot and Target Downplayed Them
- President Donald Trump called on Walmart on May 17, 2025, to absorb tariff costs instead of raising U.S. Consumer prices amid rising trade tensions.
- This demand followed the U.S. Imposing a 10% tariff on most nations, including a steep 145% tariff on Chinese imports, sparking warnings of inevitable price hikes.
- Walmart CEO Doug McMillon warned last week that the company likely cannot absorb all tariff pressures much longer and might have to raise prices soon despite thin margins.
- About 90% of Americans live within 10 miles of a Walmart, making its pricing decisions pivotal, and Yale Budget Lab estimates predict tariffs could add 2.3% inflation in 2025.
- The dispute underscores economic risks as companies face growing strain, with price increases expected soon for food, technology, and toys, reflecting broader trade war impacts.
50 Articles
50 Articles
Marylanders deserve to know what tariffs are costing them
If you buy goods at a store, you get a receipt telling you the amount of sales tax you pay. Work at a job, and your pay stub reports how much was deducted for payroll taxes. The amount you pay in income taxes is likewise no secret from you. But if you buy goods subject to a tariff from a retailer, President Donald Trump doesn’t want you to know how much tariffs added to the price. When Amazon considered such disclosures, the White House attacked…
Target's red flag, Walmart vs. Trump, and Elon Musk vs. Bill Gates: Business news roundup
High-income U.S. consumers are pulling back. Mortgage applications are down, Walmart (WMT) is reporting grocery gains from monied households suddenly keen for deals on eggs and bananas. And now Target joins a growing list of beloved brands waving the red flag that a recession may be coming. Read more...
Retailers issue 'warning' to Trump that higher prices are coming soon: report
Retailers are likely to raise prices "in the coming weeks" due to President Donald Trump's tariffs, according to a report in The New York Post.Business editor and Fox correspondent Charles Gasparino wrote Friday, "The retail industry is alerting President Trump that they can’t 'eat' his tariffs forever – and price increases are likely to hit in the coming weeks.""Whether this gets translated into higher official inflation numbers is anyone’s gue…
Walmart got an angry message from Trump on tariffs. Then Home Depot and Target downplayed them
America’s highest-profile retail chains are walking a difficult tightrope — trying to blunt the financial hit from tariffs by raising prices for consumers without angering them or President Donald Trump.
Retailers won’t swallow Trump’s ‘eat the tariffs’ demand for much longer before hiking prices
The retail industry is alerting president Trump that they can't "eat" his tariffs forever – and price increases are likely to hit in the coming weeks, On The Money has learned.
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