During CNBC’s Squawk Box Monday, co-host Andrew Ross Sorkin asked Tennessee Senator Bill Hagerty about the president’s recent outrage at Walmart. The mega-retail chain’s CFO warned last week that consumers might start to see higher prices on products as soon as June.
“I think Walmart’s gonna have to make some decisions, Walmart has the broadest base of American clients there is. I think they’re gonna be very careful about how they do this. I know that they’ve received some criticism from the president. I think they need to think hard,” Hagerty replied.
Trump had hit back at the retail corporation in an angry post on Truth Social Saturday. “Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain,” he wrote.
“I’ll be watching, and so will your customers!!!” the president warned.
Last week, the White House announced that it had negotiated a lowered tariff rate of 30 percent on Chinese imports to the U.S. for the next 90 days.
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