Walmart is the world's largest retail network, founded in 1962 in the United States. The company runs thousands of stores in dozens of countries, offering a wide range of products – from food and clothing to electronics and household items – usually at low prices.
The company was in the crosshairs of the US president. “Trump tells Walmart to “eat duties” instead of raising prices” – writes Reuters.
See also: Trump's “Liberation Day” has changed into “Capitulation Day”. Experts evaluate
The agency quotes the words of the US President, who complained on Saturday that Walmart justifies the value of prices. Earlier, the network announced that it would have to start raising prices this month due to new, higher tariffs.
“Walmart earned a trillion dollars last year, much more than expected” – pointed out Donald Trump in a post in his social media. He suggested that the network”She should not be charged with any costs“.
Walmart explains
Walmart, announcing increases, emphasized that he always tried to keep prices at the lowest level, adding that this practice would not end.
See also: No longer 145 percent. Donald Trump has a new proposal for customs duties on China
“We will keep prices at the lowest possible level as long as possible, taking into account the reality of small retail margins” – the company pointed out in a statement for Reuters.
CEO of Walmart Doug McMillon admitted that the retailer cannot absorb all tariff costs.
“Walmart's statement on the impact of duties is a signpost for how a trade war affects the retail sector,” writes Reuters.
Each week, 255 million people shop in Walmart stores or place online orders around the world, and 90 percent. The US population lives within a 16 km radius from this store.
