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  • 9 months ago
Walmart said it will keep informing stakeholders about tariff impacts after President Trump criticized its plans to raise prices, according to Bloomberg. Executive Dan Bartlett said the company is not trying to be political but is simply sharing facts about tariffs. He said Walmart strives for consistency in its internal and public messaging and felt obligated to inform investors and customers about future guidance. Trump criticized Walmart on social media last month for raising prices after new tariffs, saying the retailer should absorb the costs instead of passing them to consumers. Walmart said some prices will rise due to tariffs, though supplier changes may offset increases, and it plans to keep prices competitive and as low as possible.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Walmart said it will keep informing stakeholders about tariff impacts after President Trump
00:06criticized its plans to raise prices, according to Bloomberg.
00:09Secondive Dan Bartlett said the company is not trying to be political,
00:12but is simply sharing facts about tariffs.
00:14He said Walmart strives for consistency in its internal and public messaging
00:17and felt obligated to inform investors and customers about future guidance.
00:22Trump criticized Walmart on social media last month for raising prices after new tariffs,
00:26saying the retailer should absorb the cost instead of pass them on to consumers.
00:30Walmart said some prices will rise due to tariffs,
00:32though supplier changes may offset increases,
00:34and it plans to keep prices competitive and as low as possible.
00:37For all things money, visit Benzinga.com slash GSTV.
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