Trump tells Walmart to 'eat the tariffs' after retailer warned it will raise prices

Group 1 - Walmart has warned that it will raise prices due to tariffs, prompting criticism from President Trump who suggested that Walmart and China should absorb the costs instead of passing them on to customers [1] - Walmart's CFO, John David Rainey, stated that the company has not experienced price increases of this magnitude and speed before, indicating a challenging environment for the retailer [1] - Rainey expressed satisfaction with the progress made by the Trump administration on tariffs but noted that current levels are still too high, and the company will work with suppliers to keep prices low [1] Group 2 - Following the news, Walmart's shares ended 2% higher at $98.24 [2]