President Donald Trump is sending a stern warning to Corporate America: He will use his bully pulpit to publicly shame companies that dare to raise prices because of tariffs. After Walmart last week said it would have to jack up some prices because of high costs of the global trade war,

Treasury Secretary Scott Bessent has acknowledged that Walmart, the largest U.S. retailer, may pass along some of the costs from President Donald Trump’s tariffs to its shoppers through higher prices.

Walmart, the nation’s largest retailer, is just one of several companies that have said they will be forced to pass on the costs of President Trump’s global tariffs to consumers.