Shoppers at Walmart should brace for price increases on a wide range of goods in the near future, the company's Chief Financial Officer John David Rainey has warned, according to a CNBC interview. Despite a recent 90-day reprieve that lowered duties on Chinese imports to 30%,

Shares in Walmart fell on Monday after President Trump over the weekend expressed displeasure about the retailer's tariff-fueled price hikes.

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

President Donald Trump lashed out at Walmart (WMT) on Saturday, pressuring the retail giant not to raise prices after it warned that his trade war policies would force it to do so.

Walmart has become the latest example of a big company catching high profile political pushback in a still-fluid trade environment, as President Trump said on social media Saturday that the retail giant should "eat the tariffs.

Walmart warns of potential price hikes due to tariffs, despite strong Q1 results and e-commerce growth. The retailer remains optimistic about future sales.

Walmart’s CEO has risked a White House rebuke by warning that the budget retailer has no choice but to hike its prices because of President Donald Trump’s tariffs. Doug McMillon said Thursday during an earnings call that the business is feeling the squeeze of Trump’s so-called Liberation Day levies,

We will do our best to keep our prices as low as possible,” Walmart’s CEO said. But ultimately, shoppers may end up paying the price.