Walmart CEO Douglas McMillon has hinted price hikes may be coming to the retailer
Donald Trump has issued a scathing response to Walmart after the retailer warned prices are set to increase in store as a result of the president’s tariffs.
Walmart gets merchandise from the likes of Canada, China, India, Mexico and Vietnam, all of which face at least ten percent in tariffs.
The 47th POTUS has even increased tariffs on most Chinese goods to a staggering 145 percent, but that has since dropped to 30 percent for a 90-day period as Trump announced a temporary truce with China.
But if a subsequent trade agreement isn’t reached with China, Trump has warned ‘substantially higher’ tariffs could come in on a later date.
Walmart CEO Douglas McMillon hinted earlier this week that products across the retailer could see price hikes in the future amid Trump’s tariffs.
Walmart’s CEO has hinted at price hikes (FREDERIC J. BROWN/AFP via Getty Images)
“We will do our best to keep our prices as low as possible. But given the magnitude of the tariffs, even at the reduced levels announced this week, we aren’t able to absorb all the pressure given the reality of narrow retail margins,” the chief executive said in an earnings call on Thursday (May 15).
The president responded to these comments on Saturday by saying Walmart should stop ‘trying to blame tariffs’ for the price hikes.
Trump wrote on Truth Social: “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 has issued a response to Walmart CEO Douglas McMillon’s claims regarding price hikes (Win McNamee/Getty Images)
Billionaire Mark Cuban has previously urged members of the public to ‘go to Walmart’ before Trump’s new tariffs take full effect.
In a post on the social media platform Bluesky, Cuban encouraged members of the public to go to ‘the local Walmart or big box retailer’ as soon as possible.
The billionaire said: “It’s not a bad idea to go to the local Walmart or big box retailer and buy lots of consumables now. From toothpaste to soap, anything you can find storage space for, buy before they have to replenish inventory.”
Cuban went on to claim that companies could potentially use the tariffs as an excuse to increase prices, saying: “Even if it’s made in the USA , they will jack up the price and blame it on tariffs.”Featured Image Credit: Getty Images/Andrew Harnik
Topics: Donald Trump, Tariffs, Walmart, Money, Politics, US News
Updated 16:07 8 May 2025 GMT+1Published 15:55 8 May 2025 GMT+1
Trump confirms ‘major’ new trade deal with UK in first agreement since announcing tariffs
Donald Trump and Sir Keir Starmer have agreed a new trade deal
Donald Trump has confirmed a ‘major’ new trade deal with the UK in a first agreement with a foreign nation since he introduced controversial tariffs.
Ever since Trump returned to office in January, the 47th POTUS has introduced many tariffs on nations across the globe.
Such moves have been met with widespread criticism from world leaders, but the US has now managed to strike a new trade deal with one of its closest allies, the UK.
Trump took to Truth Social to tease the big announcement on May 7 as he penned: “Big News Conference tomorrow morning at 10:00 A.M., The Oval Office, concerning a MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!”
The UK government, led by Sir Keir Starmer, has been pursuing a deal with the US to reduce the impact of sweeping tariffs imposed by Trump last month, which placed a ten percent levy on all UK exports and a 25 percent charge on steel, aluminum, and cars.
Trump teased a ‘major’ trade deal (CARL COURT/POOL/AFP via Getty Images)
Speaking in the White House, Trump said the agreement with the UK would be a ‘great deal for both countries’.
Meanwhile, Starmer said ‘this is a really fantastic, historic day’ as he spoke to US President Donald Trump about a trade deal.
The US-UK trade agreement is ‘a full and comprehensive one’ that will ‘cement the relationship’ between the two countries ‘for many years to come’, Trump has said.
Reports have previously suggested a deal could see the UK reduce some tariffs on American products, as well as changing the digital services tax that currently affects mainly US tech companies.
However, Starmer has ruled out lowering food standards to allow more US agricultural products into the country, or watering down the Online Safety Act.
A Number 10 spokeswoman said: “The Prime Minister will always act in Britain’s national interest – for workers, for business, for families.
“The United States is an indispensable ally for both our economic and national security.”
The British PM vowed to ‘deliver security and renewal for our country’ prior the trade deal announcement.https://truthsocial.com/@realDonaldTrump/114469488580251681/embed
Speaking to the London Defence Conference, Starmer said: “Talks with the US have been ongoing and you’ll hear more from me about that later today.
“But make no mistake, I will always act in our national interest, for workers, businesses and families, to deliver security and renewal for our country.”
Meanwhile, Daisy Cooper, the Liberal Democrats deputy leader and Treasury spokeswoman, said: “A good trade deal with the US could bring huge benefits, but Liberal Democrats are deeply concerned that it may include measures that threaten our NHS, undermine our farmers or give tax cuts to US tech billionaires.
“If the Government is confident the agreement it has negotiated with Trump is in Britain’s national interest, it should not be afraid to bring it before MPs.”Featured Image Credit: YouTube/FOXNews
Topics: Donald Trump, Tariffs, UK News, US News
Published 17:17 15 Apr 2025 GMT+1
China issues scathing response to Trump’s 145% tariffs with major new blow to the country
Donald Trump placed an 145 percent tariffs on Chinese goods
China has issued an immediate response to Donald Trump’s extraordinary 145 percent tariff on Chinese goods, with the trade war not seeing an end in sight.
Ever since President Trump returned to the White House for a second term in January, it has been tariffs, tariffs and more tariffs.
With April 2 branded ‘Liberation Day‘ for the US, Trump unveiled a series of tariffs affecting countries across the globe, with China one of the worst hit.
China has ended up with a whopping 145 percent tariff ‘effective immediately’ after it tried to hit back with its own retaliatory tariffs.
“At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable,” Trump wrote on Truth Social.
Donald Trump has hiked the tariffs on China (Anna Moneymaker/Getty Images)
China’s commerce ministry has since warned the US to ‘take a big step back to correct its mistakes’ and ‘return to the right path of mutual respect’.
And on April 11, Trump’s administration seemingly did take a step back, announcing smartphones, computers and other certain products would be exempt from the hiked tariffs, including Chinese goods.
But on Sunday (April 13), US Commerce Secretary Howard Lutnick told ABC News that the exemptions may only be temporary and a ‘semiconductor tariff’ could be announced soon instead.
China has since hit back with a 125 percent tariff on US-manufactured goods, while it’s also banned its country’s airlines from completing any jet orders from US-based manufacturer Boeing.
All existing orders have been halted, while Chinese airlines have also been ordered to not buy any aircraft parts from Boeing.
The Telegraph reports the Chinese government are working with airlines who lease Boeing jets to assist on potential higher costs.
Boeing have been hit as a result of the tariffs imposed by Trump (WANG ZHAO/AFP via Getty Images)
UNILAD has reached out to Boeing for comment.
While the tariffs continue to cause chaos across the globe, Trump doesn’t appear to have any plans on reversing his decisions.
The POTUS resolved on Truth Social: “The Golden Age of America, which includes the upcoming Tax and Regulation Cuts, a substantial amount of which was just approved by the House and Senate, will mean more and better paying Jobs, making products in our Nation, and treating other Countries, in particular China, the same way they have treated us.
“The bottom line is that our Country will be bigger, better, and stronger than ever before. We will, MAKE AMERICA GREAT AGAIN!”Featured Image Credit: EVARISTO SA/Getty
Topics: Donald Trump, China, Tariffs, US News, Travel
Published 20:04 5 May 2025 GMT+1
People outraged at Donald Trump’s response when asked if he needs to uphold the constitution
Trump’s comment was in response to the mass deportations from the US
Donald Trump’s comments about whether he should be ‘upholding the Constitution’ as the President of the United States has left a sour taste in some social media users’ mouths.
Trump’s second term as POTUS hasn’t gone without its controversies, such as his ‘Liberation Day’ tariffs which haven’t gone down very well with a few countries – namely China.
And his comments about groceries and fuel prices have also sparked some discussion from social media users, and recently, Trump’s response to whether he should be ‘upholding’ the US Constitution as President has got people up in arms, too.
One of Trump’s most divisive policies since coming into office is his mass deportations from the US, with many being sent to a mega prison in El Salvador.
Though the Supreme Court has temporarily given Trump the green light to use a law from WWII in his aide to deport alleged criminals, they have since requested that the deportees be given the opportunity to challenge their removal.
And in an interview with NBC News, Trump was further asked about whether every person in the US is entitled to due process – something he didn’t seem sure about.
Donald Trump was asked about whether he should ‘uphold’ the Constitution as President (Scott Olson/Getty Images)
When quizzed by ‘Meet The Press’ moderator, Kristen Welker, Secretary of State, Marco Rubio, replied with a solid ‘yes’, while Trump responded: “I don’t know. I’m not, I’m not a lawyer. I don’t know.”
Welker then pointed out the US Constitution’s Fifth Amendment, which says that ‘no person’ will be ‘deprived of life, liberty, or property, without due process of law’, however, Trump replied: “I don’t know. It seems — it might say that, but if you’re talking about that, then we’d have to have a million or 2 million or 3 million trials.
“We have thousands of people that are — some murderers and some drug dealers and some of the worst people on Earth.
“I was elected to get them the hell out of here, and the courts are holding me from doing it.”
Welker said: “But even given those numbers that you’re talking about, don’t you need to uphold the Constitution of the United States as president?”
According to Trump, however, this is something he ‘doesn’t know’, as he continued: “I don’t know. I have to respond by saying again, I have brilliant lawyers that work for me. and they are going to obviously follow what the Supreme Court said. They have a different interpretation.”
Trump says he ‘doesn’t know’ if he has to upload the Constitution
Credit: NBC News
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People have since responded to his comments on social media, with one person writing: “Him admitting he doesn’t understand the functions of his job is the first honest thing he’s said since he got into politics.”
Someone else said: “Donald Trump doesn’t care about the Constitution,” while a third commented: “Presidents of the United States are only obligated to uphold the Constitution.”
A fourth said it was ‘literally his job description’.
Elsewhere in the interview, he also addressed the requests that he serve a third term despite it being against the constitution.
He told NBC News: “I have never had requests so strong as that. But it’s something that, to the best of my knowledge, you’re not allowed to do. I don’t know if that’s constitutional that they’re not allowing you to do it or anything else.”
He added that he hopes to ‘have four great years and turn it over to somebody, ideally a great Republican, a great Republican to carry it forward’.Featured Image Credit: NBC News
Topics: Donald Trump, Politics, US News
Published 16:04 21 Apr 2025 GMT+1
China gives scathing response about ‘destructive’ US amid ongoing tariff war
But what exactly should ‘the US stop whining about’?
China Daily has unpacked Donald Trump’s rationale behind his tariff war on countries across the globe arguing why the US is ‘not getting ripped off by anybody’.
A fierce game of tariff tennis – without any of the fun of hearing the players’ serve sounds – has been ongoing between China and the US.
Donald Trump and China’s President Xi Jinping have been hitting back and forward, Trump raising the tariffs on China to a staggering 145 percent – and if you thought that was bad, he was only just getting started, later whipping them up to a whopping 245 percent.
Why? Well, China retaliated and not only that, but raised tariffs on the US from 84 to 125 percent.
When asked about the White House‘s executive order implementing 245 percent tariffs on China, Chinese Foreign Ministry spokesperson Lin Jian simply replied, as quoted by the Global Times: “You can ask the US side for the specific tax rate figures.”
Donald Trump addresses Florida University shooting
Credit: ABC News
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However, it would appear China hasn’t held it’s tongue quite so much in a recent piece by state-run newspaper China Daily.
In an article published online and updated on April 15 on ChinaDaily.com, the outlet addressed Trump’s slamming of other countries of ‘ripping’ the US off – both in terms of domestic jobs, US industries and resources.
China reflected on this ‘fabricated premise of a long-standing grievance’ being the biggest driving factor of Trump’s so-called ‘Liberation Day’ tariffs which it dubs a ‘haughty demolition job’ and ‘radical power play’.
China Daily continues: “One of the aims of the US administration is to use the tariffs to close, if not reverse, the trade deficits with nearly all of the US’ trade partners.
“The preoccupation with trade deficits stems from a warped idea that they are proof that the US has been exploited by other countries.
“This has also made the US president and his trade advisers wrongly claim that the current rules governing global trade have put the US at a distinct disadvantage.”
Instead, the article argues the US ‘sells far more services than it buys from other countries’ quoting World Trade Organization director-general Ngozi Okonjo-Iweala saying the ‘clear winner’ in ‘global trade in services’ is the US.
Put your hand in the air if you had the ‘warped idea’ of unleashing tariffs across the globe? (Joe Raedle/Getty Images)
The real ‘problem’? Well, the US’ own greed, China Daily argues.
The article resolves the US is ultimately ‘not getting ripped off by anybody’ but the real ‘problem’ is it’s been ‘living beyond its means for decades’.
It states: “It consumes more than it produces. It has outsourced its manufacturing and borrowed money in order to have a higher standard of living than it’s entitled to based on its productivity.
“Rather than being ‘cheated’, the US has been taking a free ride on the globalization train. The US should stop whining about itself being a victim in global trade and put an end to its capricious and destructive behavior.
“Instead, it should commit itself to working with its trading partners to establish a fair, free and WTO-centered multilateral trading system that is in line with the times.”
UNILAD has contacted the White House for comment.Featured Image Credit: Ken Ishii-Pool/Getty Images/Kevin Dietsch/Getty Images
Topics: Tariffs, China, US News, Donald Trump, Money
