Kevin O'Leary on Trump, Walmart: Retailers aren't going to 'eat the tariffs'

[Dulcinea]

(The Hill) “Shark Tank” investor Kevin O’Leary said in a Monday interview that retailers are not going to “eat the tariffs,” despite pressure from the Trump administration to do so.

“This idea that the president says, ‘Listen, retailers, eat the tariffs.’ That’s not going to happen,” O’Leary said in an interview on NewsNation’s “The Hill.”

O’Leary said he expects both customers and retailers to shoulder some of the burden of the cost increases, but he noted it’s difficult to predict the cost of goods without knowing the tariff rates — which are up in the air pending further negotiations with U.S. trading partners.

“There’s going to be some distribution of the pain between increased prices, and retailers will take some of the hit, but it really depends what the hit is,” he continued. “We don’t know. Is it 10 percent? 20 percent? 25 percent? What is it? Nobody knows.”

https://finance.yahoo.com/news/kevin-o-leary-trump-walmart-010047659.html