LBX(SH:603883) Sou Hu Cai Jing·2025-05-21 00:45Group 1 - Walmart's CEO Doug McMillon announced a more than 12% decline in first-quarter profits, stating that the company can no longer absorb the pressure from high tariffs and must raise prices across the board [5][8] - The increase in prices contradicts the long-standing "Everyday Low Prices" slogan of Walmart, indicating a significant shift in their pricing strategy due to external economic pressures [5][9] - The Trump administration's narrative that tariffs are borne by foreign companies is challenged by Walmart's actions, which reveal that the burden of tariffs is ultimately passed on to American consumers [3][9] Group 2 - The consumer confidence index reported by the University of Michigan fell to 50.8 in May, a 2.7% decrease, marking one of the lowest points in history, which raises concerns about potential economic recession [6][9] - Both Democratic and Republican supporters of Trump acknowledge that high tariffs will have a significant impact on the economy, suggesting a bipartisan recognition of the economic risks associated with current trade policies [6][9] - The narrative that tariffs do not affect domestic prices is increasingly being recognized as false, with major retailers like Walmart and Amazon likely to reveal the true economic impact in their upcoming financial reports [9][10]