President Trump criticized on Saturday Wal -Mart for his decision Price up This week due to the high costs associated with the Trump administration’s commercial war.
“Wall Mart must stop He wrote about social truth. “Wall Mart achieved billions of dollars last year, more than expected.”
He added: “Between Wall Mart and China, they must, as it is said,” eat definitions “, and not to charge the determined customers.” “I will watch, as well as your customers !!!”
On Thursday, the retail giant announced plans to increase prices early next month in an attempt to pass the costs related to Trump A sweeping tariff agenda.
“The size and speed that these prices come to come is somewhat unprecedented in history,” He told Wall Street Journal Earlier this week.
Retailing giant The future look did not make a profit For the first quarter of the year due to the uncertainty surrounding the economy, as experts do Clear for several months About negative effects on American consumers.
“We will do our best to maintain our prices as low as possible, but given the size of definitions, even at the reduced levels announced this week, we have not been able to absorb all pressure due to the reality of narrow retail margins,” said Doug McMelon, CEO of Wall Mart. Call to earn.
The company participated on Thursday that its profits fell in the first quarter of the year, to 4.45 billion dollars, or 56 cents per share, from 5.10 billion dollars or 63 cents per share, The Associated Press reported.
Trump’s publication comes on Saturday after the administration A reverse path Earlier this week, the customs tariff for Chinese imports reduced 145 percent to 30 percent for 90 days. In response to its response, the revenge customs tariff reduced 125 percent to 10 percent.
This step is another major reflection on trade from the Trump administration, which included a specific tray Customs tariff exemptions; 25 percent of the customs tariff for Canada and Mexico, most of which are back Pre -exist conditions; and 90 days stopped On “mutual” definitions against dozens of countries.