The president recently attacked Walmart, saying it should “eat” the costs rather than pass them on to customers.According to The New York Times, President Trump has recently criticized Walmart for passing on the costs of his tariffs to customers. He has been pressuring other large companies, such as Mattel, to absorb the costs instead of raising prices. This comes as the US has imposed tariffs on many nations, with higher duties on specific products and countries like China. While the White House claims this strategy is working, some companies are reporting financial strain. Economists have long believed that tariffs ultimately hurt US companies and consumers, not the targeted nations. However, the White House has dismissed this evidence and the president has even mocked companies for trying to mitigate the impact. The White House press secretary, Karoline Leavitt, stated that the president maintains the belief that foreign countries are absorbing the tariffs.
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