Walmart shares slumped in early trading Monday after President Trump said the retailer should absorb the cost of tariffs rather than pass it on to customers by raising prices.

President Donald Trump on Saturday ripped into Walmart, saying on social media that the retail giant should eat the additional costs created by his tariffs. As Trump has jacked up import taxes, he has tried to assure a skeptical public that foreign producers would pay for those taxes and that retailers and automakers would absorb