T he CEO of Walmart, Douglas McMillon, has highlighted the impact of higher tariffs on the company's pricing strategy. With a significant portion of goods sourced from China, Walm

Following a direct challenge from President Donald Trump to "eat the tariffs" rather than raise prices, retail giant Walmart has responded, asserting that the "magnitude of these increases is more than any retailer can absorb.

Trump tells Walmart to ‘eat’ higher costs brought on by his trade approach as terms like ‘tariffs,’ ‘uncertainty’ and ‘recession’ are coming up more frequently in company earnings calls.

Bessent told CNN's "State of the Union" May 18 that he spoke with Walmart CEO Doug McMillon the day before, when Trump told the company on Truth Social that they should "' EAT THE TARIFFS ," and not charge valued customers "ANYTHING."

The analyst also told TheStreet that since Walmart represents the price floor for so many goods, the announcement it made basically gives other retailers the green light to follow

The word "tariff" may soon become scarce as retailers attempt price transparency without drawing President Trump's ire.

Walmart is planning on eliminating nearly 1,500 jobs as part of an effort to restructure its global tech, United States e-commerce and advertising arms."To accelerate our progress delivering the experiences that will define the future of retail,

Federal Reserve officials said on Tuesday that higher prices are coming on the back of rising U.S. import tariffs, with the open question now whether the inflation shock will be fleeting or more persistent.