welcome
CBS News

CBS News

Business

Business & Economics

Trump warns Walmart against raising prices, tells company to "eat the tariffs"

CBS News
Summary
Nutrition label

70% Informative

President Trump says Walmart should "eat the tariffs" instead of blaming the duties on imported goods imposed by his administration for its increased prices.

Walmart CEO Doug McMillon said Thursday that everything from bananas to children's car seats could increase in price despite the softer tariffs on China .

Mr. Trump says his economic plan will eventually lead to more domestic jobs in manufacturing.