President Trump expressed outrage over Walmart's forthcoming price increases linked to tariffs, insisting the retailer should not pass these costs on to consumers. In an earnings call, Walmart CEO Douglas McMillon acknowledged the challenges posed by tariffs, stating that even with their best efforts to keep prices low, the retailer cannot absorb the financial pressure due to narrow margins. CFO John David Rainey further explained that the magnitude of these cost increases is a concern for consumers, who will soon feel the impact of rising prices.
Walmart's CEO Douglas McMillon stated that given the magnitude of tariffs, the company is unable to absorb all the pressure due to narrow retail margins.
Walmart CFO John David Rainey highlighted in an interview that increases are more than any retailer or supplier can absorb, predicting consumers will see higher prices soon.
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