U.S. President Trump publicly criticized Walmart, claiming that "retailers should absorb the cost of tariffs themselves." Walmart responded that retail profits are meager and it is difficult to bear the cost pressure. (Picture/reproduced from the Internet)
U.S. President Trump recently publicly named Walmart, the largest U.S. retailer, claiming that "retailers should absorb the cost of tariffs on their own," triggering heated discussions in the market. In response, Wal-Mart responded through an official statement, emphasizing that "retail profits are meager and it is difficult to fully bear the cost pressure." The two sides exchanged fire from a distance, raising the topic of US inflation and trade war again.
According to USA Today, Walmart spokesman Randy Pennington emphasized that the company has always been committed to keeping prices as low as possible and will not stop such efforts. However, with the current retail industry profit margin of only about 2% to 3%, if businesses continue to unilaterally absorb the cost of imported goods tariffs, it will severely impact the operating structure.
Trump bluntly stated at a rally recently: "I don't want American consumers to bear high tariffs, which should be absorbed by retailers themselves." However, Walmart has gradually adjusted the prices of some products in response to rising tariffs as early as 2024, and has warned that high tariff policies may push up prices and pass them on to consumers.
This confrontation across the air has once again aroused people's memory of the Trump administration's trade war policies. Some American netizens left irritating comments on
Wal-Mart's statement is not only related to the company's position, but also reflects the current situation of the U.S. retail market and the shadow of the Sino-U.S. trade war.