Trump tells Walmart to 'eat the tariffs' instead of raising prices

World's biggest retailer and China should absorb tax costs, US president says

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A Walmart store in Oceanside, California. Walmart CEO Doug McMillon has said the retailer could not absorb all tariff costs because of narrow retail margins. © Reuters

WASHINGTON (Reuters) -- U.S. President Donald Trump said on Saturday that Walmart should "eat the tariffs" instead of blaming duties imposed by his administration on imported goods for the retailer's increased prices.

His comments were in response to the world's largest retailer saying this week it would have to start raising prices later this month due to high tariffs.

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