💨 Abstract

Former President Donald Trump criticized Walmart on Truth Social for planning to raise prices due to tariffs, suggesting that Walmart and China should absorb these costs. Walmart responded, stating its commitment to keeping prices low despite reduced margins. The company's CFO, John David Rainey, noted that price increases might start in late May and continue into June, highlighting the challenging retail environment due to tariffs. Rainey also mentioned the difficulties in predicting the impact of changing U.S. trade policies.

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