President Donald Trump lashed out at Walmart on Saturday, telling the retail giant to "eat the tariffs" after it warned that Trump's renewed trade war with China would soon lead to noticeable price hikes for customers.
Walmart CEO Doug McMillon stated during an earnings call that Trump's steep tariffs on imports—especially Chinese goods—were squeezing the company's margins, CNN reported. Despite efforts to keep prices low, he warned that shoppers would see increases by late May, with more significant jumps coming in June.
