(TNND) -- On Saturday, President Donald Trump took to social media to say that retail giant, Walmart, should eat the additional costs created by his tariffs.

On Thursday, Walmart warned consumers that prices could rise for goods ranging from bananas to car seats.

This comes as the public, retailers and automakers remain skeptical of what Trump's import taxes on foreign goods could mean for the economy. While Trump has maintained that foreign producers would pay for those taxes and retailers and automakers would absorb the additional expenses, economic analyses are skeptical warning that the trade penalties could worsen inflation.

Trump took to Truth Social to lash out at the retailer saying that the company should sacrifice its profits for his economic agenda insisting that it will lead to more domestic jobs in manufacturing.

"Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain," Trump posted. "Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, "EAT THE TARIFFS," and not charge valued customers ANYTHING. I'll be watching, and so will your customers!!!"

On Sunday Treasury Secretary Scott Bessent acknowledged Walmart's assertion that the retailer may have to increase prices due to Trump's tariffs.

Bessent said he spoke with Walmart CEO Doug McMillon on Saturday following Trump's stark warning.

"Walmart will be absorbing some of the tariffs, some may get passed on to consumers," Bessent said. "Overall, I would expect inflation to remain in line. But I don't blame consumers for being skittish after what happened to them for years under Biden."

On the company's earning call on Thursday, Bessent said it had been obligated under federal regulations to "to give the worst-case scenario so that they're not sued," further suggesting that price increases would not be severe.

However, Walmart executives have said that higher prices began to appear on their shelves in late April and have only further increased this month.

"We're wired to keep prices low, but there's a limit to what we can bear, or any retailer for that matter," Chief Financial Officer John David Rainey told The Associated Press.