Walmart stock slips as Trump takes aim at retail giant over tariff-fueled price hikes
A scolding from President Trump comes with a side of stock-price pressure for Walmart (WMT).
Shares of the retail giant fell around 2% in pre-market trading on Monday following Trump’s weekend social media post, which urged the company not to increase its prices because of tariffs on Chinese imports.
“Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, ‘EAT THE TARIFFS,’ and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!,” Trump said in a post on Truth Social.
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At close: May 16 at…
