- Jun 22, 2020
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Such irony.
Walmart Says It's Raising Prices Because of Trump's Tariffs
- Thread starter Hector12
- Start date
Invisibleflash
Diamond Member
Trump warns Walmart against raising prices, tells company to "eat the tariffs"
Walmart this week warned that everything from bananas to children's car seats could increase in price despite the softer tariffs on China.www.cbsnews.com
trump is running the country like a Mafia Boss. But what do you expect from a convicted Felon. His problem is the Walton family is richer than he is. He screwed the economy and now wants then to bail him out.
Give him time. He will grift his way to be a trillionaire before he leaves! YT said his kids are selling memberships in a private club in D.C. for half a mill and he charges a million at Mara largo. He has his own crypto company. But the big $ made is from insider trading before his tweets.
He wants them to take the blame. They won't.
Between he and musk, the US treasury may be empty by the end of his corrupt term.
Tumblin Tumbleweed
Platinum Member
- Mar 16, 2015
- 28,494
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^^^ Magaturd douchebag
Seymour Flops
Diamond Member
The prices may be slightly higher. But you didn't worry about that during Biden's inflation.
In exchange for the slightly higher prices we get more revenue for the government, more jobs for Americans (leading to even more revenue for the government), and reduced dependency on China.
Everyone wins except Trump haters.
dudmuck
Diamond Member
anyone who exports loses customers due to retaliatory tariffs.
small businesses relying on imports go out of business when there are no domestic suppliers.
frigidweirdo
Diamond Member
- Mar 7, 2014
- 50,443
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Yeah, it's ridiculous.Trump warns Walmart against raising prices, tells company to "eat the tariffs"
Walmart this week warned that everything from bananas to children's car seats could increase in price despite the softer tariffs on China.
trump is running the country like a Mafia Boss. But what do you expect from a convicted Felon. His problem is the Walton family is richer than he is. He screwed the economy and now wants then to bail him out.
He needs to understand that if he does A then B will happen.
He thinks he can do A and then blame everyone else when B happens.
A leader? No, he's not.
frigidweirdo
Diamond Member
- Mar 7, 2014
- 50,443
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Try is trying to shame Walmart....
Would Trump have been shamed by all the shit he's pulled? When he didn't pay people, when he conned them out of money, when he, as president, made money making scams, when he advertised Tesla outside the White House?
No, Trump has never been shamed by anything, except cheating on his pregnant wife by Stormy Daniels, apparently, even then it was probably a political move, rather than being shamed himself.
Why would Walmart, a company that literally BRIBES governments to get cheaper workers, puts in practices to close down smaller businesses etc?
Moonglow
Diamond Member
You have got to be kidding. Wal-Mart is lucky to have 5% of its products made in the US, and that has been steady for forty years.
Mac1958
Diamond Member
Another example of how the President of the United States has no understanding of markets and economics:
His post on Tooth Central™: Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, “EAT THE TARIFFS,” and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!
Mr. President: Wal Mart is an American corporation. That means that Wal Mart's Board of Directors and CEO are "fiduciaries". Do you know what a "fiduciary" is, Mr. President? No, I didn't think so. It means that, by law, they have to operate in the best interests of their shareholders. "Eating tariffs" and slashing profits and stock value is not operating in the best interests of their shareholders, and invites "class action lawsuits" all day long. I know that no one knows more about lawsuits than you.
Also, and not that this matters, but an American President is not supposed to intimidate and threaten corporations, while also shilling for other corporations. That is picking specific corporate winners and losers, one of the foundational elements of "fascism". I know you don't understand that word, but perhaps you could have an adult outside your little circle explain it to you.
I hope that helps. I know it won't, but I'll hope anyway.
www.mediaite.com
His post on Tooth Central™: Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, “EAT THE TARIFFS,” and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!
Mr. President: Wal Mart is an American corporation. That means that Wal Mart's Board of Directors and CEO are "fiduciaries". Do you know what a "fiduciary" is, Mr. President? No, I didn't think so. It means that, by law, they have to operate in the best interests of their shareholders. "Eating tariffs" and slashing profits and stock value is not operating in the best interests of their shareholders, and invites "class action lawsuits" all day long. I know that no one knows more about lawsuits than you.
Also, and not that this matters, but an American President is not supposed to intimidate and threaten corporations, while also shilling for other corporations. That is picking specific corporate winners and losers, one of the foundational elements of "fascism". I know you don't understand that word, but perhaps you could have an adult outside your little circle explain it to you.
I hope that helps. I know it won't, but I'll hope anyway.
Trump Rages At Walmart For Raising Prices Over Tariffs
President Donald Trump raged at Walmart for price increases they say are coming due to Trump's policies, ominously warning "I'll be watching!!!"
www.mediaite.com
TemplarKormac
Political Atheist
Eh, yeah, as if the tariffs are hurting their bottom line. Spare us all the sob stories.
When they make hundreds of billions of dollars in revenue, some of us don't have much mercy for them.
Also, mediaite? And one other thing, what are your economic qualifications? Would you like to post your MBA for all of us to see? By all means, blot out your real name, but do show us where you get the idea you can lecture anyone about economics. I'd love to see this.
When they make hundreds of billions of dollars in revenue, some of us don't have much mercy for them.
Also, mediaite? And one other thing, what are your economic qualifications? Would you like to post your MBA for all of us to see? By all means, blot out your real name, but do show us where you get the idea you can lecture anyone about economics. I'd love to see this.
Mac1958
Diamond Member
23+ year CFP/Financial Advisor, 7/63/65, CLU/ChFC, writer, author. My nose was in it for decades. You'll have to pretend not to believe that.
But I appreciate your dropping by to demonstrate the same ignorance that your new Christ did. I wasn't wrong about "fiduciary" or class action lawsuits, whether you know it or not.
Mac1958
Diamond Member
Suddenly Trump and his flock are sounding like Antifa goobers.
TemplarKormac
Political Atheist
Oh my. So you know your way about.
And before you get hoity toity with me in that ivory tower of yours, let's get one thing straight here, your experience in economics does not equate to economic intelligence. It no sooner grants you intelligence than does a degree at Harvard make a person smart.
Now, I've seen your solutions with tariffs, which leave much to be desired. You ignore the geopolitical aspect of economics entirely. While you're armchair quarterbacking here, Trump is flying all over the world securing trillions in investments from countries and companies all over the world.
As for Wal-Mart, and as I have previously stated, they can eat the tariffs. Their profit margins are so large they can adapt rather easily to... what is it now? A 30% tariff on Chinese exports?
Ignorance you say? You forget how well versed I can be at the snap of a finger. As for the quip about him being my "Christ," you had better watch your mouth. I don't subscribe to that jingoistic cult anymore. That's what "MAGA" is.
TemplarKormac
Political Atheist
And your condescending nature is why people don't like you here.Suddenly Trump and his flock are sounding like Antifa goobers.
Your attitude is atrocious.
Mac1958
Diamond Member
Yes, I know my way about. You don't. You sound like an Antifa nut.
If you want to claim that I'm wrong about the law, fiduciary responsibilities and the class action lawsuits, do it. Go ahead.
Otherwise, you have no reason to complain about my post.
Mac1958
Diamond Member
"Nobody likes you"
Grade school stuff.
Grade school stuff.
TemplarKormac
Political Atheist
Crude, yet accurate fact about you."Nobody likes you"
Grade school stuff.
But do go on about Trump being my "Christ" you arrogant snob. You can't expect anyone to think you're above it all when you revert to the same childish insults.
TemplarKormac
Political Atheist
Mac has already abandoned his thread. Did I hurt his feelings?
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