Trump warns Walmart about price hikes, tells company to ‘eat the tariffs’

News Snapshot:

WASHINGTON — 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 statements and have warned the trade penalties would worsen inflation. Walmart warned Thursday that everything from bananas to children’s car seats could increase in price. Trump, in his Truth Social post, lashed...