Trump says that Wall Mart should “eat customs tariffs”, after he warns retailers of the high prices that are looming on the horizon.

Walmart (WMT) joins Oral revenge From President Trump on social media this week.

The President Walmart Execs on Saturday to indicate the high tariff prices that are preparing to start later this month.

“Wall Mart must stop trying to blame the parties as a reason to raise prices throughout the series. Wal -Mart has achieved billions of dollars last year, much more than expected. Between Wal -Mart and China, they must, as it is said,“ eat tariffs ”, and does not receive fees for customers. Spread the social truth.

“We have always worked to maintain our prices as low as possible and will not stop. We will keep low prices as much as we can as long as we can give the truth of the small retail margins,” a Walmart spokesman told Yahoo Finance.

The CEO of Walmart Doug McMllon was among the CEO who met the president in late April to discuss the effects of the tariff. He told a person familiar with the discussions of Yahoo Finance Walmart a case to remove the customs tariffs on China completely because the low customs tariff will have significant impacts on the prices of general goods such as furniture and games.

The Trump and China administration agreed to contact the 90 -day definitions last week. The average American tariffs on China is now 30 %, a decrease from 145 % at the height of the trade conflict between the great economic powers.

“The low prices are what we offer, and we will maintain the low prices as much as possible,” said John David Ray in Wall Mart in Yahoo Finance (video above). “But when you look at the size of some cost that increases on certain groups of elements that are imported, they are more than that retailers can bear. It is more than suppliers can tolerate.”

“So we will work hard to try to maintain prices low. But it is not possible to avoid seeing some prices on some elements.”

Rene said the increases will be noticeable later this month.

“Well, if you have got a 30 % tariff on something, you will likely see double numbers [in price increases]”

The most influential areas for Walmart will include children’s carts, furniture and games. High prices in these departments can lead to significant effects on suppliers such as Newell Brands (NWL), according to Yahoo Finance.

Walmart’s profit day was mixed, as shoppers spent somewhat cautiously in a state of more economic uncertainty.