President Trump lashes out at Walmart Inc. (WMT)

Walmart Inc. (NYSE:WMT)’s CEO Doug McMillon received a verbal lashing on Saturday (May 17, 2025) by President Donald Trump on citing rising trade tariffs as a reason for declining future revenue.

A manager standing in a hypermarket, pointing out items available for wholesale.

Earlier in the week, Walmart Inc. (NYSE:WMT) execs hinted at upcoming price hikes during the week, stating they were the result of tariff wars between the US and China. A significant portion of WMT’s products are imported from various countries, including China. The President posted on the social media app, Truth Social:

“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!!!”

A spokesperson for Walmart Inc. (NYSE:WMT) responded in an interview:

“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.”

In late April, CEO CEO Doug McMillon was among other CEO from multiple industries to meet with the President to discuss the implications of trade tariffs. The stock has surged by over 9% since the start of the year.

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Disclosure: None.