fukhueson@lemmy.world to

News@lemmy.world · 4 hours ago

Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will

cross-posted to:
politics@lemmy.world

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Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will

fukhueson@lemmy.world to

News@lemmy.world · 4 hours ago

cross-posted to:
politics@lemmy.world

Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.

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this@sh.itjust.works
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The fact that they’re sending this message now means they will use this as an excuse go raise the prices even higher than nessesary to increase their profit margin. If they really cared about consumers then they should have been yelling from the treetops BEFORE the election.
- fukhueson@lemmy.worldOP
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  They said this the last time it happened… During his last presidency.
  
  https://www.reuters.com/article/business/walmart-says-higher-china-tariffs-will-increase-prices-for-us-shoppers-idUSKCN1SM18X/
  
  Walmart Chief Financial Officer Brett Biggs said in an interview that higher tariffs will result in increased prices for consumers.
  
  If only someone else said something about how bad these tariffs would be…
  
  https://www.piie.com/blogs/realtime-economics/2024/trumps-proposed-blanket-tariffs-would-risk-global-trade-war
  
  https://amp.miamiherald.com/opinion/article292867514.html
  
  https://apnews.com/article/harris-economy-ceos-trump-rule-of-law-tariffs-2dd224c63fb4dae47438b6599cc5a968
  
  https://www.cnbc.com/amp/2024/09/09/economist-calls-trumps-threat-to-tariff-countries-that-shun-the-dollar-a-lose-lose.html
  
  https://www.euronews.com/business/2024/11/04/how-much-could-trumps-tariffs-damage-europes-economy
  
  https://abcnews.go.com/amp/Business/would-trumps-tariffs-trigger-global-trade-war-experts/story?id=114887448
  
  https://thehill.com/opinion/finance/4938752-trump-economic-policies-impact/amp/
  
  https://amp.cnn.com/cnn/2024/10/16/politics/trump-fact-check-john-deere-economy
  
  https://www.semafor.com/article/10/18/2024/what-are-the-consequences-of-trumps-tariffs
  
  https://www.businessinsider.com/trump-tariff-threat-john-deere-economists-baffled-2024-9
  
  https://fortune.com/2024/08/16/trump-tariffs-trade-war-inflation-economic-policies-joachim-klement/
  
  https://www.cbsnews.com/amp/news/yellen-speech-tariffs-will-increase-inflation-risk-trump/
- the post of tom joad@sh.itjust.works
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