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Trump warns Walmart: Don’t raise prices due to my tariffs but do eat the costs from those taxes (apnews.com)

submitted 6 days ago by [email protected] to c/[email protected]

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WASHINGTON (AP) — President Donald Trump on Saturday ripped into Walmart, saying on social media that the retail giant should eat the additional costs created by his tariffs.

As Trump has jacked up import taxes, he has tried to assure a skeptical public that foreign producers would pay for those taxes and that retailers and automakers would absorb the additional expenses. Most economic analyses are deeply skeptical of those claims and have warned that the trade penalties would worsen inflation. Walmart warned on Thursday that everything from bananas to children’s car seats could increase in price.

Trump, in his Truth Social post, lashed out at the retailer, which employs 1.6 million people in the United States. He said the company, based in Bentonville, Arkansas, should sacrifice its profits for the sake of his economic agenda that he says will eventually lead to more domestic jobs in manufacturing.

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[–] [email protected] 7 points 6 days ago (1 children)

I was gonna write out something better but no one really cares, Trump and his administration is full of dumbasses and the entire hierarchy of united states is crooked and needs to be turned upside down and transitioned into something else to even fix it.

[–] [email protected] 4 points 6 days ago

Well good news, your fellow accelerationists are running the show! It’s just the “something else” they plan to transition to that’s the problem.