Trump Tells Walmart to 'Eat the Tariffs' as Retailers Warn of Tariff Price Hikes
Crossroads with Joshua Philipp
The Epoch Times
4.9 • 594 Ratings
🗓️ 22 May 2025
⏱️ 72 minutes
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Summary
Retailers are warning that high costs from U.S. tariffs are about to hit. Some of them are planning to shoulder the extra costs themselves. Others are saying that they will increase prices. Walmart is one of the bigger examples of this and the message from the Trump administration to the company to “eat the tariffs.”
In other news, a member of Congress is now facing criminal charges over an incident at an immigration facility. Rep. LaMonica McIver (D-N.J.) is now facing charges for allegedly assaulting, impeding, and interfering with a law enforcement officer.
Views expressed in this video are opinions of the host and guests, and do not necessarily reflect the views of The Epoch Times.
Transcript
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| 0:00.0 | Retailers are warning that high costs as a result of the tariffs are about to hit, |
| 0:04.6 | and the message from the Trump administration is for companies to, quote, eat the tariffs. |
| 0:10.5 | In other news, Representative LaMonica McGiver is now facing criminal charges over an incident |
| 0:16.4 | in an ICE immigration facility in New Jersey. |
| 0:19.4 | And also, the Justice Department has announced it is |
| 0:22.9 | investigating Chicago Mayor Brendan Johnson for race-based hiring. They're arguing this could represent |
| 0:29.1 | a civil rights violation. I'm the Epic Times Senior Investigator reporter Joshua Phillip, |
| 0:34.4 | and this is Crossroads. |
| 0:46.7 | Retailers are warning that high costs from the tariffs, well, they're all about to hit all at the same time. And some of them are planning to, you know, just shoulder all the |
| 0:50.9 | extra costs themselves. Some of them can't really do that, |
| 0:54.9 | like your little mom and pop shops. |
| 0:57.0 | Others are saying they're gonna increase the prices. |
| 0:59.1 | They're gonna make the customers take it on. |
| 1:01.1 | The message from the Trump administration |
| 1:03.1 | is basically for companies to shoulder it out |
| 1:06.0 | and to quote unquote eat the tariffs, |
| 1:08.5 | as Trump told them directly. |
| 1:10.5 | Now like some companies, they're warning |
| 1:12.5 | about prices about to skyrocket. Daily Mail wrote this. It said a $9.99 cent USBC cord from the |
| 1:20.4 | store's in-house heyday brand is now ringing up at $17.99, according to a self-identified employee on Reddit. And they're saying it's happening. |
| 1:31.0 | The worker wrote, sharing a photo of the price tag update. All of Hayday, they say, is going up. |
| 1:37.6 | The spike in 80% increase. It's almost double the price it was before. |
... |
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