Walmart should absorb costs, U.S. president says

News Snapshot:

Toys are displayed on shelves in a Walmart Supercenter on May 15, in Austin, Texas. (Brandon Bell/Getty Images via CNN Newsource) U.S. President Donald Trump on Saturday said Walmart needs to stop “trying to blame tariffs” after the retail giant announced its products would become more expensive. Walmart’s CEO said the price increases were a result of Trump’s tariffs being “too high,” particularly when it came to Chinese goods. “We will do our best to keep our prices as low as possible. But given the magnitude of the tariffs, even at the reduced levels announced this week, we aren’t able...