Reported 2 days ago
President Trump publicly criticized Walmart CEO Doug McMillon for blaming rising trade tariffs for potential price hikes at the retail giant. Trump argued that Walmart, which made significant profits last year, should absorb the costs of tariffs rather than passing them onto customers. Walmart's representatives defended their pricing strategies, asserting their commitment to keep prices low amidst challenging retail margins. This exchange highlights the ongoing tension between U.S. trade policies and corporate pricing strategies.
Source: YAHOO