Tariffs live updates: Trump urges Walmart to 'eat the tariffs' and wants Fed to cut rates 'sooner than later'

Trump says Walmart should 'eat the tariffs' rather than raise prices

Walmart (WMT) joins rocker Bruce Springsteen and pop music icon Taylor Swift as getting a verbal lashing from president Trump on social media this week.

The president ripped Walmart execs on Saturday for signaling tariff-driven price hikes that are poised to begin later this month.

"Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, 'EAT THE TARIFFS,' and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!," Trump said in a post on Truth Social.

"We have always worked to keep our prices as low as possible and we won't stop. We'll keep prices as low as we can for as long as we can given the reality of small retail margins," a Walmart spokesperson told Yahoo Finance.