On April 2, Donald Trump declared that it was “Liberation Day” as he imposed a broad set of devastating tariffs on virtually every country around the world. Ever since then he has staggered like a drunken toddler between clawing back his ill-considered economic scheme and doubling down when it suited some indiscernible purpose that resided only in his twisted imagination.
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The stock market responded with a certainty that it rarely exhibits by proceeding to crash more than it had in five years. It has since regained some of that decline due to Trump’s wavering and caving on alleged deals with the UK and China that don’t really resolve the problem, but generate some positive press. Although even his Ministry of Propaganda, Fox News, has not been sold on his tariffs/taxes…
SEE THIS: UH-OH: Fox News Trump-Fluffer Admits that Trump’s Tariffs Will Fuel Higher Prices and Recession
For the most part, Trump has been insisting that everything he does is golden and that he is incapable of making a mistake. But that seems to have hit a speed bump on Saturday morning when he posted a comment on his failing Twitter ripoff, Truth Social, wherein he actually admitted – although likely inadvertently – that he is indeed responsible for the rising prices that the American people are all too familiar with, and the likelihood that the worst is yet to come. He wrote that…
“Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, ‘EAT THE TARIFFS,’ and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!”
Trump’s threat aimed at Walmart to “EAT THE TARIFFS” is an outright admission that the tariffs he is imposing would be paid by American businesses and the consumers who patronize them. That’s a complete contradiction of his prior claims that the foreign governments would pay the tariffs. And his accusation that Walmart is “trying to blame Tariffs as the reason for raising prices” is actually Trump trying to blame Walmart.
Trump is clinging to a kernel of truth when it notes that Walmart makes billions of dollars. However, he is ignoring that they make that money on narrow profit margins that will be erased if tariffs are implemented. He’s also ignoring the fact that consumers are already holding back on spending due to the economic strife that Trump has caused, and that will only continue to decline going forward.
Trump’s solution is to coerce Walmart to set prices lower at his demand. How is that different from the communist price-fixing of totalitarian regimes where the state decides what companies can charge for their products? Apparently Trump is abandoning capitalism in favor of the economic model employed by his hero, Vladimir Putin. And the CFO of Walmart recently acknowledged as much in an interview on CNBC…
Trump cranked up tariffs against China to 145%. Then, to "fix" the problem he created, he walks it back to 30%.But according to Walmart's CFO, even that is too high. A $300 microwave oven would cost $390.
— News Corpse (@newscorpse.bsky.social) 2025-05-15T16:01:41.532Z
Trump sees – or has had it explained to him – that his policies will cause serious harm and likely a recession or worse. So he wants to force Walmart to rescue him from his own economic incompetence. That’s not gonna happen. But even if Walmart were to nibble on some of Trump’s tariffs, rather than eat them whole, it wouldn’t solve the problem. Walmart isn’t the only retailer in America that would suffer the consequences of his tariffs. Target, Best Buy, Home Depot, Costco, and others would also have to comply. And then there are the thousands of small stores that don’t have the pricing power of the big box stores, and would probably have to shut down.
Trump’s attempt to bully Walmart is a desperation move on his part. It can’t possibly work. It will only create more problems for retailers of all sizes across the country. And those are problems that will result in bankruptcies, job losses, and forced austerity for the American people, who are already complaining that that is not what they voted for. And it’s why Trump’s approval rating is at a record low.
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