U.S. President Donald Trump has publicly urged the Federal Reserve to reduce interest rates "sooner rather than later" in a post on social media.

He also criticized Federal Reserve Chairman Jerome Powell, stating that "almost everyone agrees that the Federal Reserve needs to cut rates sooner rather than later" and expressing concern that Powell, known for his delayed actions, may "screw it up again."

Additionally, Trump addressed the largest global retail chain, Walmart, insisting that the company should "bear the tariffs" rather than citing them as a reason to increase prices.

His comments followed Walmart's announcement that it would be forced to raise prices this month due to the increased cost of tariffs.

Trump stated on social media that Walmart should refrain from using tariff costs to justify price hikes across its stores, highlighting that the company made billions in profits last year, exceeding expectations.

He asserted, "Walmart and China should absorb the tariff costs and not pass them on to the great customers."

In response, Walmart reiterated its commitment to keeping prices as low as possible, indicating that this practice will continue.

The company acknowledged that it strives to maintain low prices amid limited retail profit margins.

Doug McMillon, Walmart's CEO, remarked last week that the company has not been able to absorb all the costs associated with tariffs due to slim retail margins.

However, he emphasized Walmart's commitment to ensuring that the costs related to tariffs on general merchandise—primarily from China—do not lead to an increase in food prices.

Amid escalating trade tensions between the United States and its trading partners, particularly China, many American companies have reduced or withdrawn their forecasts for the year, with consumer spending also showing signs of contraction.