‘Eat the tariffs’: Trump asks Walmart as retailer expects prices to rise

News Snapshot:

US President Donald Trump on Saturday warned retail giant Walmart that it should stop “trying to blame” tariffs imposed by his administration on imported goods as the retailer is poised to increase the prices of products later this month. Trump said Walmart should “eat the tariffs” instead of blaming duties. The comments by the US president came after the world’s largest retailer said that it would start increasing the prices of products by May end due to high tariffs. Walmart CEO Douglas McMillon said the proposed price increase was a result of Trump’s tariffs being “too high,” especially with Chinese...