Doug McMillon admitted on Thursday that even reduced China tariffs are too much for the country's largest retailer to absorb.

In a pointed social media post on Saturday, US President Donald Trump criticised Walmart for citing tariffs as the reason behind upcoming price increases. His remarks came shortly after the retail giant announced it would begin raising prices later in May due to the financial pressure of US import duties.

Donald Trump has slammed Walmart, telling the retail giant to "eat the tariffs" after the company announced its good would be more expensive. While Trump has hiked import fees, he's been spinning a narrative to an unconvinced audience that foreign manufacturers would pick up the tab for tariffs,