Walmart -- the world's largest retailer -- is now issuing a warning to customers that they may be paying more for the same products if President-elect Donald Trump makes good on his promise to impose new tariffs on imports.
@#1 ... Who you gonna believe, those running a wildly successful international company for six decades or a pancake makeup-wearing, hair-dyeing, senile mook who went broke trying to run a gambling den? ...
And....
Dragging this thread back on topic after both the BillJohnson and shrimptacodan aliases have both seemed to have attempted to deflect it off topic. ...
So...
Walmart just leveled with Americans: China won't be paying for Trump's tariffs, in all likelihood you will
fortune.com
... Voters who returned Donald Trump to the Oval Office in hopes that living costs would return to the halcyon days before the pandemic may be in for a shock.
Arkansas-based Walmart, the world's largest retailer that traditionally has catered to working- and middle-class Americans, warned the President-elect's plans to hike import duties across the board will be felt by everyday consumers.
"Tariffs are going to be inflationary, there's no disputing that," Walmart finance chief John David Rainey told Fox News on Thursday. ...
Course Walmart will have to raise prices.
Between 2001-2011, 2.7 million jobs were lost to China with 2.1 million in manufacturing.
How else is the US going to get those jobs back?
Walmart is going to raise consumer prices to cover the increased taxation, regardless of the form it takes.
Good, maybe some entrepreneur can take advantage of this increase.
The result is EXACTLY the same.
This is false. That tariff can create new jobs in America to compete with the imports. The US does this with Light Duty Trucks, America is number #1 truck builder.
A tax cannot, as its applied domestically to all companies, meaning there is no "competitive" advantage
Did you know Toyota makes $10,000 truck? Its super nice, not coming here.
www.roadandtrack.com
I haven't heard any Texans on twitter complain about trucks being too expensive.
Drudge Retort Headlines
Americans are Less Confident About Where the US Economy is Headed (20 comments)
This Company Rates News Sites' Credibility. the Right Wants It Stopped. (15 comments)
TheConversation: Billionaires Bankroll US Politics (14 comments)
I Grew Up Muslim in a Catholic Town Mary Was Common Ground (14 comments)
Christmas (14 comments)
Gaetz Uses Ethics Committee Report to Fundraise (12 comments)
Musk, Trump Help Strip Health Care Funds for 9/11 First Responders (12 comments)
Biden to Decide on US Steel Takeover After Panel Deadlocks (12 comments)
Carnivorous Squirrels Documented in California (10 comments)
How Finnish Youth Learn to Spot Disinformation (6 comments)