Walmart quietly jacks up prices — despite trump’s demand for retailer to ‘eat the tariffs’

Walmart has quietly been hiking prices on items ranging from toys to office supplies, with some markups reportedly climbing more than 100% — despite President Trump’s demand for retailers to

“eat the tariffs.” Photos circulating online, particularly on the Walmart subreddit, have documented the dramatic price hikes since the White House imposed a 145% tariff on imports from

China in early April, before lowering the levy to 30% last month. The price of toys, the bulk of which are made in China, were particularly impacted. A “Jurassic World” T. rex rose from

$39.92 on April 27 to $55 by May 21 — an increase of nearly 38%. Price tracking site AisleGopher shows the same item cost $29.74 in November. A “Baby Born” doll jumped from $34.97 in March

to $49.97 in May, a roughly 43% rise, while a Lite Brite Magic Screen set moved from $14.97 to $21.97 (up nearly 47%). The popular Etch A Sketch jumped from $14.97 to $24.99 — nearly a 67%

increase. EXPLORE MORE The price on some office supplies also surged, with a roll of tape that previously sold for $4.24 soaring to $9.94, a 134% spike. Other notable hikes include a heating

pad rising roughly 25%, from $19.98 to $24.96, and a fishing reel surging from $57.37 in April to $83.26 in May, a 45% increase. That same reel was listed for $51.12 as recently as

mid-March, according to AisleGopher. “Pricing fluctuations are a normal course of business and are influenced by a variety of factors,” a Walmart spokesperson told The Post. “We remain

dedicated to managing inventory and reducing expenses to maintain everyday low prices. Nothing about the current environment changes our focus — in the last quarter we had 6,500 rollbacks

which is 1,000 more than last quarter.” Walmart’s Chief Financial Officer John David Rainey acknowledged the hikes and called them “unprecedented,” according to Business Insider, which first

reported on the backlash over the stick shock from shoppers. “We have always worked to keep our prices as low as possible and we won’t stop,” a spokesperson told the outlet “We’ll keep

prices as low as we can for as long as we can given the reality of small retail margins.” The Arkansas-based retail giant posted profits of $15 billion-plus last year, according to The

Post’s Charles Gasparino, who last week reported that stores were not going to swallow the cost of the global trade war. Trump has demanded that Walmart and other retailers “eat the tariffs”

rather than pass costs on to consumers, publicly rebuking the company after its CEO warned it may soon raise prices due to rising import levies. The Post reached out to the White House for

comment, which deferred to comments made by Treasury Secretary Scott Bessent on Sunday. Bessent told CBS’s “Face the Nation” that inflation is down despite concerns over tariffs. Last week,

the Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditure index, decreased to 2.1%, its lowest level in seven months. “Thus far there have been no price

increases,” Bessent said. “Everything has been alarmist, that the inflation numbers are actually dropping. We saw the first drop of inflation in four years. The inflation numbers last week,

they were very pro-consumer.” KEEP UP WITH TODAY’S MOST IMPORTANT NEWS Stay up on the very latest with Evening Update. THANKS FOR SIGNING UP! Retail experts caution that while tariffs are

likely a factor in these hikes, they may not be the only reason for the increases. Companies adjust prices for a wide range of reasons — from supply chain disruptions to shifts in demand —

and publicly listed prices do not necessarily reveal how much of the change is directly attributable to tariffs. Still, the timing of the hikes has renewed attention on Trump’s trade war and

its lingering effects. According to Walmart, about 60% of the products it sells in the US come from domestic suppliers. The company has spent years trying to reduce its dependence on

Chinese imports. Despite that, analysts say it’s nearly impossible for big-box retailers to fully shield themselves — or their customers — from the financial fallout. David Bellinger, a

retail analyst at Mizuho Securities, told clients last Wednesday that he expects the broader impact of tariffs on consumer spending to remain relatively small — perhaps just a

low-single-digit percentage.