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Kevin O’Leary on Trump, Walmart: Retailers aren’t going to ‘eat the tariffs’
- Major American retailers including Walmart, Target, and Home Depot face rising costs due to President Trump's tariffs on imports in 2025.
- These tariffs stem from ongoing US-China trade tensions, with U.S. Levies on Chinese imports currently at 30%, down from 145%, amid a conditional trade truce ending in August.
- Retailers resist broad price hikes publicly to avoid alienating customers and the White House, while exploring supplier negotiations, product adjustments, and sourcing changes to mitigate tariff impacts.
- Walmart CEO Doug McMillon warned the company cannot fully absorb tariff costs and may begin raising prices this month, while Target's CEO Brian Cornell emphasized price increases remain their “very last resort.”
- The conflict highlights dispute over who bears tariff costs, with investor Kevin O'Leary rejecting Trump's call for retailers to fully 'eat the tariffs,' suggesting costs will be shared between consumers and retailers.
8 Articles
8 Articles
Which companies can "eat" Trump's tariffs?
Over the weekend, President Trump told retailers to “eat the tariffs” after Walmart warned of price hikes spurred by the trade war. Across the country, retailers are making tough calls when it comes to tariff costs. So why is Home Depot in a better position to keep prices stable than Walmart? Also in this episode: stablecoins inch closer to bank distribution, turbine backlog slows energy sector growth and we get some advice on what to buy before…
Kevin O'Leary Pushes Back On Trump's Call For Retailers To 'Eat The Tariffs': 'That's Not Going To Happen' — Warns Of Shared Pain As Walmart Raises Prices - Walmart (NYSE:WMT)
"Shark Tank" investor Kevin O'Leary rejected President Donald Trump's suggestion that retailers should absorb the costs of tariffs rather than passing them onto consumers, highlighting growing tensions between the administration and major retailers over trade policy implementation.
Kevin O’Leary on Trump, Walmart: Retailers aren’t going to ‘eat the tariffs’
“Shark Tank” investor Kevin O’Leary said in a Monday interview that retailers are not going to “eat the tariffs,” despite pressure from the Trump administration to do so. “This idea that the president says, ‘Listen, retailers, eat the tariffs.’ That’s not going to happen,” O’Leary said in an interview on NewsNation’s “The Hill.” O’Leary said…
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