Walmart will leverage tariffs to gain market share by encouraging competitors to raise prices while strategically keeping prices low where it matters most to customers.

Walmart is the latest U.S. retailer to warn of impending price increases due to the cost of Trump's tariffs, drawing ire from the Republican leader.

“Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain,” Trump said. “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!!!”