Kevin O’Leary is warning that retailers will not “eat the tariffs,” as President Trump demands, instead of hiking prices for customers.
“This idea that the president says, ‘Listen, retailers, eat the tariffs.’ That’s not going to happen,” the MAGA Shark Tank star told NewsNation’s The Hill. His comments referenced a comment Trump made in a furious response to Walmart’s decision to raise prices in response to Trump’s tariffs.
O’Leary has been a staunch defender of the Republican administration, most recently accusing a CNN host of “Trump Derangement Syndrome” as he ducked questions about the president’s plan to accept a $400 million jet from Qatar.
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