The CEO of Walmart Inc. (NYSE: WMT), Doug McMillon, received a verbal boost on Saturday May 17, 2025) by President Donald Trump, citing the increase in commercial prices as a reason to reduce future income.
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Earlier in the week, the managers of Walmart Inc. (NYSE: WMT) alluded to the next price increases during the week, declaring that they were the result of tariff wars between the United States and China. An important part of WMT products is imported from various countries, including China. The president has published on the application of social media, Truth Social:
“Walmart should stop trying to blame prices as a reason for the price increase throughout the chain. Walmart won billions of dollars last year, much more than expected. Between Walmart and China, they should, as said, “eat the prices”, and do not charge anything.
A spokesperson for Walmart Inc. (NYSE: WMT) responded in an interview:
“We have always worked to maintain our prices as low as possible and we will not stop. We will keep the prices as low as possible as long as possible with the reality of small retail margins. ”
At the end of April, the CEO of CEO Doug McMillon was, among other things CEO of several industries to meet the president to discuss the implications of commercial prices. The stock has jumped more than 9% since the start of the year.
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