President Donald Trump is furious with the CEO of Walmart, CEO Doug McMillon, after he said that the retail giant would raise prices in response to tariffs.

“Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain,” the president said on Truth Social. “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,” he said before warning, “I’ll be watching, and so will your customers!!!”

The president’s response came after McMillon said on an earnings call that it was likely that Walmart would have to raise prices because of the tariffs.

“We will do our best to keep our prices as low as possible,” the CEO said. “But given the magnitude of the tariffs, even at the reduced levels announced this week, we aren’t able to absorb all the pressure given the reality of narrow retail margins.”

“The higher tariffs will result in higher prices,” he said.

Treasury Secretary Scott Bessent spoke to CNN’s Jake Tapper on Sunday and said that McMillon was presenting a worst-case scenario on an earnings call.

“Understand, that came from an earnings call,” he said on the CNN show “State of the Union.” “On an earnings call – because of SEC requirements – they have to give the most draconian case.”

“So Walmart will be absorbing some of the tariffs. Some may get passed on to consumers,” he said.

Journalist Batya Ungar-Sargon shredded Walmart for claiming to be a pro-American company while they talk about raising prices.

“This is absolutely unacceptable and infuriating,” she said on Fox News after McMillon made the comments. “Walmart walks around bragging that 75% of the products that they sell are made here in the United States. Why are you raising prices?”

“Do you know what Walmart’s yearly profits were last year? 169 billion dollars,” she said. “Don’t raise prices. Support the president, support the agenda, support the American working class.”