Tariffs Hit Home.

[Missouri_Mike]

Trump’s economic plan promises to ‘defeat’ inflation ​

Hyper-partisan diversions aside, the Trump sales tax is kicking in:

Walmart, the world’s largest retailer, said Trump’s tariffs are “too high” and it will raise prices on some items as Trump’s global trade war increases the company’s costs.​

​

“We will do our best to keep our prices as low as possible. But given the magnitude of the tariffs, even at the reduced levels announced this week, we aren’t able to absorb all the pressure given the reality of narrow retail margins,” Walmart CEO Doug McMillon said Thursday on an earnings call.​

​

“The higher tariffs will result in higher prices,” he said...​

​

The price hikes will begin later this month.​

​

“I’m concerned that consumer is going to start seeing higher prices. You’ll begin to see that, likely towards the tail end of this month, and then certainly much more in June,” Walmart finance chief John David Rainey said...​

MSN

​

Good. Maybe the mom and pop local stores can make a comeback.

Remember, Walmart used size and scale to bring cheap Chinese produced shit to every small town in America to push out the family owned stores that couldn’t compete with the cheap products. The tariffs not only force China into a bad position they also take away the advantages Walmart had to fuck over the locals.

Let’s hope the tariffs level the playing field a bit. I personally don’t care if some Walmart stores get shut down and get replaced with good local locations.

 

[MagicMike]

all tariffs were paused, so he's lying.

All tarriffs were not paused but even if they were the market uncertainty caused by the convict's incompetent chaos is the main cause of inflation now.

 

[jc456]

All tarriffs were not paused but even if they were the market uncertainty caused by the convict's incompetent chaos is the main cause of inflation now.

Huh, why did you say that, lowest inflation since 2021, your reality is only yours.

 

[MagicMike]

Huh, why did you say that, lowest inflation since 2021, your reality is only yours.

Check back in a month and we'll see how this "lowest inflation rate since 2021" BS is aging ok?