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Sen. Hagerty Urges Walmart to Absorb Tariff Costs

5/20/2025

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Summary

Story summary

Sen. Bill Hagerty (R-TN) echoed President Trump's concerns about Walmart's potential price hikes linked to new tariffs. In a CNBC interview, he urged the retail giant to shield consumers from rising costs. Trump criticized Walmart for attributing price increases to tariffs, insisting they should absorb the expenses due to their substantial profits.

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Story summary

Sen. Bill Hagerty (R-TN) echoed President Trump's concerns about Walmart's potential price hikes linked to new tariffs. In a CNBC interview, he urged the retail giant to shield consumers from rising costs. Trump criticized Walmart for attributing price increases to tariffs, insisting they should absorb the expenses due to their substantial profits.