Trump warns Walmart not to increase prices due to his tariffs

Washington (AP) – President Donald Trump tore Walmart on social media on Saturday that the retail giant should eat the additional costs for his tariffs.

How Trump has Increased import taxesHe tried to assure a skeptical public that foreign manufacturers would pay for these taxes and that retailers and car manufacturers would accept the additional expenses. Most of the economic analyzes are deeply skeptical about these requirements and have warned that the trade sentences would worsen inflation. Walmart warned on Thursday That everything could rise from bananas to child seats for children.

In his social mail, Trump has in his truth to the retailer, who employs 1.6 million people in the United States. He said that the company based in Bentonville, Arkansas, should sacrifice his profits for his economic agenda, which he would finally lead to more domestic jobs in the processing industry.

“Walmart should stop trying to accuse tariffs as the reason for increasing prices throughout the chain,” said Trump. “Walmart earned billions of dollars last year, far more than expected. Between Walmart and China, as I said, they should” eat the tariffs “and not charge any esteemed customers. I will watch, and their customers will also get their customers !!!”

The publication of the Republican President reflected the increasingly unpleasant series of decisions that many large American companies are faced with due to its tariffs, from the deterioration of sales to the possibility of fulfilling Trump's anger. Trump has warned domestic car manufacturers in a similar way not to increase their prices, although external analyzes say that his tariffs would do it Increase production costs.

So far, these tariffs have darkened the mood of an otherwise resilient US economy. The preliminary reading of the Michigan University survey on consumer mood On Friday, the second lowest measure slipped, with around 75% of the respondents mentioned “spontaneously” to be mentioned, since they largely expected inflation accelerated.

In April, the CEO of Walmart, Doug McMillon, was one of the retail managers who met Trump in the White House to discuss the tariffs. Despite warnings, the Trump government has made ahead and attacked other companies such as Amazon and Apple who have to deal with the disorders of their supply chains.

The CFO of Walmart, John David Rainey, said he believes that 350 US dollars will soon cost car seats in China an additional 100 US dollars, which will receive a price increase of 29%.

“We are wired to keep prices low, but there is a limit for what we can wear or every retailer,” he told The Associated Press on Thursday after the company had reported strong sales in the first quarter.

The administration recently reduced its 145% tariffs to China to 30% for a period of 90 days. Due to illegal immigration and drug trafficking, Trump has used 25% tariffs up to 25% in Mexico and Canada, which affected the relationship with the two largest trading partners in America.

In most countries there is a universal basic tariff of 10%, since Trump promises the financial markets in early April in the coming weeks by raising higher import tax on the basis of trade deficits with other countries. Trump insists that he intends to maintain the tariffs as a source of income and that a framework contract with the United Kingdom would largely be retained the 10% tariff rate.

Trump has also placed import taxes on cars, steel and aluminum and plans to do this, among other things, on pharmaceutical medicines.

The tariffs and Trump's own reversal of how much it should raise uncertainty in the entire US economy, so that the chairman of the Federal Reserve, Jerome Powell, has kept the Benchmark tariffs of the central bank stable until more clarity. Powell has warned that tariffs can increase both growth and prices.

On Saturday, Trump repeated his demands for Powell to reduce the benchmark prices. This could lead to inflation accelerating, but the president has claimed that inflation pressure has largely disappeared from the economy.

“Too late Powell, a man legendary because he is too late, it will probably blow again – but who knows ???” Trump posted socially through the truth.