Reported about 17 hours ago
Walmart shares fell in early trading following President Trump's suggestion that the retailer should absorb tariffs instead of passing costs to customers. CEO Doug McMillon warned that profits may decline this year due to the challenges of narrow retail margins, which make absorbing tariffs difficult. Despite a 9% increase in stock value this year, shares dropped about 2% after Trump's remarks, as he urged Walmart not to blame tariffs for price increases.
Source: YAHOO