TARIFFS: Walmart's CFO signals that price hikes may be coming because of Donald Trump's tariffs.

[jc456]

Harris' was proposing a corporate tax hike and you guys didn't seem to concerned. I'm simply asking why you think that would have been beneficial and tariffs won't be.

It wasn't and she lost.

 

[Marener]

the product cost will go up of course.

So Trump is making me responsible for getting all of these supposed deserving Americans a job.

Thanks, you’re now a commie.

 

[jc456]

So Trump is making me responsible for getting all of these supposed deserving Americans a job.

Thanks, you’re now a commie.

again, not at all what I wrote. Perhaps read better.

 

[Marener]

again, not at all what I wrote. Perhaps read better.

Yep. I have to pay higher prices to make sure Americans jobs.

That’s the policy.

 

[SweetTea]

Yep. I have to pay higher prices to make sure Americans jobs.

That’s the policy.

And the Democrat's proposal is that American corporations are making too much money and therefore must be taxed or price fixed. Think on that for a bit.

 

[justoffal]

Yep. I have to pay higher prices to make sure Americans jobs.

That’s the policy.

Well actually it's not supposed to work like that.
But it probably will. It's a sticky issue.

Let's say you were going to hire a landscaping company.....an American guy that wanted $1,000 to do your entire fall cleanup.... tree trim and general property trim out. This guy pays for liability insurance, workers comp and runs a standard payroll complete with payroll taxation and employer contribution.

Now Jose's property service knocks on your door and offers you the very same deal for about $600 and maybe even offers A little more. He doesn't have liability insurance nor does he run a standard payroll because he pays everybody in cash. Now to you the end result maybe exactly the same. Your property will look identical regardless of who does it only you'll be $500 richer.

What decision should you make?

 

[Mac-7]

Zincwarrior in

The market wants the Chinese junk. You don’t have a problem with Walmart. You have a problem with the free market.

china does not practice free trade

Its a mercantile country and economy

What does that mean?

They will lose money up front in order to drive foreign companies out of business

 

[Care4all]

Tariffs on foreign imported products make foreign products more expensive than domestically produced products, which helps american producers. Walmart could fix their mess by selling american made products instead of Chinese junk.

There aren't factories here making most of the products anymore....so NOPE, that is not what would happen.

It'll take a decade before manufacturing facilities are built and brought back, and even then, if it happens,it'll likely be new automated technology.....in the meantime, from now until forever, the inflationary prices....higher prices, would be here to stay.

And what about Trump's plan to eliminate the income tax and replace them with tariff revenues??

-How long would we be paying both income taxes AND THE TARIFF taxes, before a law could change our tax laws with income taxes?

And, if the purpose is to eliminate income taxes and be replaced with tariffs, then the goal for tariffs is for them to stay and increase manufacturing overseas for the government to collect more in tariffs to pay the bills, and not bring manufacturing home or increase manufacturing here, which would reduce our government's revenue.....

This is a scam!

 

[justoffal]

Zincwarrior in

china does not practice free trade

Its a mercantile country and economy

What does that mean?

They will lose money up front in order to drive foreign companies out of business

Same strategy Walmart plays at.

 

[Mac-7]

Same strategy Walmart plays at.

Walmart does squeeze its suppliers for better prices and usually gets it

But walmart is a very well run company compared to its competators

 

[Zincwarrior]

Same strategy Walmart plays at.

An additional factor though, is that tariff impositions can lead to trade wars. Trade wars reduce your exports as well, and of course jobs making those exports.

 

[Care4all]

The fact that quality didn't follow is pretty evident in just about every item you buy now.
My personal experience:

Maytag washing machine bought in 1972
Lasted 35 years with hardly any maintenance.

Maytag refrigerator I bought in 1969 used until 2006! It was still working when they took it away.

Professional experience.

GE 150 horsepower electric pump motor. Purchased in 1938 ( not by me ) and with minimal maintenance was still running 24/7 when I left that place in 2002.

Perhaps the most famous of all in either industrial or non-industrial use is The immortal Kingsbury thrust bearing at the holtwood generating station in Airville Pennsylvania. Commissioned in 1912 and used 24/7 since still in operation today with minimal wear and an estimated 200 to 300 years of use left!

God bless Maytag! My double oven range is 27 years old, never maintenanced....my Maytag refrigerator also 27 years old and needed a minor repair but we decided to replace it because it was a standard depth and in this home now, in order to smoothly open the dishwasher, we need a counter depth refrigerator so we just bought a new fridge this week!

 

[jc456]

Yep. I have to pay higher prices to make sure Americans jobs.

That’s the policy.

well people who would buy products from China will see a price increase in perhaps a year or so. True. But currently, all tariffs are paid without the cost of goods going up! See, there are contracts on pricing for goods that the company paying those tariffs must honor until another contract. So factually speaking, there isn't an immediate rise in any prices on goods after Tariffing.

 

[jc456]

God bless Maytag! My double oven range is 27 years old, never maintenanced....my Maytag refrigerator also 27 years old and needed a minor repair but we decided to replace it because it was a standard depth and in this home now, in order to smoothly open the dishwasher, we need a counter depth refrigerator so we just bought a new fridge this week!

did you pay the same price as you did 27 years ago? LOL.

 

[Lesh]

Biden flooded America with a surge of migrants working under the table, undercutting American labor as part of the democrats attack on Americans.

And yet wages continue to rise

 

[SassyIrishLass]

If Mac1958 is getting his thoughts from far lefties at the Nation then he has totally lost his way

No doubt he’s planning to leave the country too and good riddance.

Careful he'll emoticon you.

 

[Lesh]

Careful he'll emoticon you.

Pointless twit

 

[Marener]

And the Democrat's proposal is that American corporations are making too much money and therefore must be taxed or price fixed. Think on that for a bit.

My position is that corporations don’t need to be taxed if we make all income as regular income.

Until then, corporations paying tax makes some sense. Tariffs almost always fall on the consumer. A corporate tax rate is split between consumer, worker and shareholder. It’s also much smaller in magnitude because it’s on profits and not revenue.

 

[Care4all]

did you pay the same price as you did 27 years ago? LOL.

Shoot! I paid $1200 bucks for my Maytag refrigerator 27 years ago, it was expensive!!!! And it was the scratch and dent price!

 

[jc456]

Shoot! I paid $1200 bucks for my Maytag refrigerator 27 years ago, it was expensive!!!! And it was the scratch and dent price!

And the new one was?