Paniked Donald Trump seeps away Walmart because he told the truth about tariffs

Donald Trump hit Walmart because of his price hikes and asked the retail giants to “eat the tariffs”.

“Walmart should stop trying to accuse tariffs as the reason for increasing prices throughout the chain,” Trump wrote about the social Saturday of the truth. “Walmart deserved billions of dollars last year, far more than expected. Between Walmart and China, as I said, they should” eat the tariffs “and not to use an estimated customer.”

“I'll watch and your customers too !!!” The president said.

The CEO of Walmart, Doug McMillon, had said during a win on Thursday that his company began to feel the pain of Trump's tariffs. A large part of Walmart's shares comes from abroad – including China, Mexico and Vietnam, said another executive.

“We will do our best to keep our prices as low as possible,” said McMillon when calling via CNN. “In view of the size of the tariffs, even at the reduced levels announced this week, we cannot take pressure in view of the reality of the tight retail margins.”

“The higher tariffs will lead to higher prices,” he repeated.

Walmart poured cold water on Trump's power game in an explanation to the Daily Beast.

“We have always worked on keeping our prices as low as possible and we won't stop,” said spokesman Joe Pennington. “We will keep prices as low as possible as long as we can have the reality of small retail margins.”

Walmart's price hikes also came after Trump had announced a temporary explanation of his sky level 145 percent of import tax on China, which had dropped to only 30 percent. China agreed to fall his contrast from 125 percent to 10 percent.

CFO John David Rainey told CNBC that he was “satisfied with the progress that were made by which was made [Trump] Administration of tariffs from the beginning of April announced, but they are still too high. “

The share price of Walmart fell by 4 percent immediately after the price increase of the price increases, but had recovered from the market closing on Friday.