Trump orders Walmart “eat tariffs” after the seller warned it to raise prices

President Donald Trump exploded Walmart On Saturday, after the country’s largest retailer this week, he would have to increase the prices from the tariffs.

“Walmart must stop trying to blame tariffs as a reason for rising prices across the network,” Trump wrote The truth is social. “Between Walmart and China they need, as they say,” eat tariffs “rather than charging anything by honor customers.” I will watch and so do your customers !!! “

In an interview with CNBC Walmart CFO, John David Renini said on Thursday, “we did not see the rise in prices at that size, in the speed at which they go on us before, and therefore it creates a difficult setting.”

As a retail giant and the largest grocery product in the country, Walmart is often regarded as a bell for retail sellers and consumers.

Rani said “satisfied with the progress that was made (Trump) by the tariff administration from the levels announced in early April, but they are still too high.” It is despite 90-day appeal This reduced duties on Chinese imports to 30%. Goods from dozens of other countries face 10% duty. Walmart imports electronics and toys from China and manufacture, including avocado and bananas from Central and South America.

He said the retailer wants to keep his prices lower than the competitors, especially at a time when buyers are looking for discounts. To do this, he said Walmart absorbs some higher tariff costs and it expects suppliers to also absorb some higher costs.

Reni said the company “will try to work with the suppliers to keep the prices as low as possible.”

Walmart repeated these sentiments on Saturday when asked to comment on Trump’s post.

“We have always worked to keep our prices as little as possible and we won’t stop,” Walmart said in a statement. “We will keep prices as little as possible as long as we can give the reality small retail reserves.”

Walmart has joined the increasing number of companies that increase prices or warned that higher prices are coming from the tariffs. Microsoft said earlier this month that is increased the recommended retail prices Xbox video game consoles and some controllers.

Barbie manufacturer Motel Announced earlier this month, which is the movement of production from China, but is expected to increase the price. And Freod warned last week Raise prices on some cars.

Walmart supported sales forecast During the year on Thursday, but refused to provide a proceedings of the profit or operating income in the second financial quarter, citing frequent changes in the tariff policy of the Trump administration.

Large American retailers including Target. A home depot and RecordIt is expected that they are expected to share their views on the influence of tariffs when they report the results next week.

On Friday, Walmart shares ended 2% above $ 98.24.

Watch: Pro: Full Interview CNBC with Walmart CEO John David Renini