Walmart Says It's Raising Prices Because of Trump's Tariffs

[wamose]

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.

Many times, corporate profits and our economy do not run in the same direction. Outsourcing is one of those areas where corporations get rich but the American worker gets poorer. Outsourcing makes a financial planner, such as yourself, and corporate profits look good, but that comes at the expense of the American worker. I believe in rewarding workers first and shareholders second but open borders and free trade agreements shifted the money from the workers to the corporate elites and to a lesser extent, the shareholders. So when you erroneously equate corporate profits to a strong economy, you're the one who is being naive in a self serving way. Our economy only appears to be doing good because of our congress' careless deficit spending. God forbid that our creditors call in their loans. Outsourcing jobs and importing slave labor will not make our country strong. It will only make the plight of the American worker worse, but it will be good for you.

 

[gipper]

Walmart in effect, is a near monopoly. It has destroyed the small independent grocery stores that used to exist throughout America. Much like Amazon is now destroying small Main Street retailers nationwide.

Would it surprise anyone, if Walmart was guilty of gouging their customers during this time of high inflation?

Mac somehow thinks everything Trump says or does hasn’t been done before. I suspect many past presidents have criticized or attacked private businesses.

 

[TemplarKormac]

Hey look at Mac laughing at basic facts, whilst touting his own prevaricated "facts."

He can't handle being on the wrong side of issues, so laughter is his only resort.

No wonder he's "done" with me.

 

[berg80]

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.

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

The set up is so easy here I'm almost embarrassed to hit the big, slow, beautiful, softball pitch floating towards home plate but what Walmart's CEO should tell trump is, "eat the shit." Dotard is trying to shift the blame for higher prices, related to his dumb as a post tariffs, on Walmart. In so doing he says "he'll be watching."

"Eat the shit, do your job, and I'll do mine," would be a reply reflective of the way things should be. But everyone knows no CEO can say that without the expectation of retribution from the petulant man child with small hands and a huge, fragile ego. The guy trying to micromanage the US economy in ways no prez should or ever has.

It's trite to say so nowadays but this kind of meddling, pressuring companies to do his bidding, is not what leaders of democracies do.......it's what authoritarian leaders do.

 

[22lcidw]

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.

We believe and not believe even with credentials. All of those economic and financial people who said the trade deals we passed some decades ago would make the nation rich with all sharing in tens of millions of service employment opportunities making more money than manufacturing lost. Lies, lies, lies, and more lies. It makes you wonder if they are guessing while they live a life of opulence.

 

[SweetTea]

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.

Who is to say that “eating it’ would not be the best thing for their shareholders? Maybe you don’t understand business. I take that back, I know you don’t understand business. If your suppliers raised their prices on products you sell, you can’t necessarily push all of that on to your customers. If they stop buying, or buying less, you lose. This is where you go back to your supplier and ask for lower prices because, guess what, if your don’t sell as much he doesn’t supply as much. The supplier then goes to the importers. The importers go to the manufactures. Large companies, like Walmart, have a lot of purchasing power therefore a lot of influence. Ultimately, the manufacturer may have to “eat” some of the higher cost if they want to sell product. The reality is that the cost is spread out across the board and consumers don’t necessarily get stuck with a higher or much higher cost. You guys seem to think the buck stops at consumer, that is not necessarily the case, particularly for non-essential goods and particularly not for manufacturers who depend heavily on the powerful US consumer.

In short, Walmart, for example, would be skirting their fiduciary responsibility if they raised prices and hurt their bottom line. But, you knew that, right?

 

[Mac1958]

The set up is so easy here I'm almost embarrassed to hit the big, slow, beautiful, softball pitch floating towards home plate but what Walmart's CEO should tell trump is, "eat the shit." Dotard is trying to shift the blame for higher prices, related to his dumb as a post tariffs, on Walmart. In so doing he says "he'll be watching."

"Eat the shit, do your job, and I'll do mine," would be a reply reflective of the way things should be. But everyone knows no CEO can say that without the expectation of retribution from the petulant man child with small hands and a huge, fragile ego. The guy trying to micromanage the US economy in ways no prez should or ever has.

It's trite to say so nowadays but this kind of meddling, pressuring companies to do his bidding, is not what leaders of democracies do.......it's what authoritarian leaders do.

There was a time when I just ASSUMED that these people were anti-authoritarian and pro-capitalist.

Then one profoundly damaged pied piper comes along and just smashes the whole notion to pieces. Now it's an American corporation's JOB to damage share prices. The world is upside down.

This tells me that this was never about convictions or principle.

 

[rightwinger]

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.

Biden faced global inflation due to COVID related disruptions in the supply chain and the Ukraine war.
Democrats paid a price at the polls

Trumps inflation is self inflicted. Telling consumers they have to endure pain, give their children less for Christmas and suck it up will not do well at election time

 

[sparky]

The Walton family is one of the richest in the world. A net worth estimated at half a trillion. How does that happen selling groceries? And while paying their workers poverty level wages.

>>>

~S~

 

[rightwinger]

Except little girls who want dolls.

Little girls will give up their dolls while Trump enjoys a $400 million palace in the sky

 

[TemplarKormac]

Ha. He's not going to talk to me again. I can handle that. But I still won't stop commenting on his threads.

He knows damn well that he can't get away with some of the shit he's peddling here.

 

[TemplarKormac]

There was a time when I just ASSUMED that these people were anti-authoritarian and pro-capitalist.

You consistently assume too much. That demonstrates your lack of wisdom.

It just shows how impulsive you are.

 

[SweetTea]

And another personal attack without addressing or denying the FACTS that I provided.

Good stuff.

I was still typing my response. You can read above.

 

[TemplarKormac]

In short, Walmart, for example, would be skirting their fiduciary responsibility if they raised prices and hurt their bottom line. But, you knew that, right?

No, he didn't. His over-focus on the shareholders is typical for someone with his background. He doesn't give two shits about how this impacts the consumers.

 

[SweetTea]

There was a time when I just ASSUMED that these people were anti-authoritarian and pro-capitalist.

Then one profoundly damaged pied piper comes along and just smashes the whole notion to pieces. Now it's an American corporation's JOB to damage share prices. The world is upside down.

This tells me that this was never about convictions or principle.

Democrats are anti-capitalists and they are on your side of the argument. What does that tell you?

 

[Mac1958]

It's trite to say so nowadays but this kind of meddling, pressuring companies to do his bidding, is not what leaders of democracies do.......it's what authoritarian leaders do.

One day Trump is selling Teslas and pushing DJT stock, the next day he's threatening Wal Mart if they protect their shareholders.

Yeah. That's an authoritarian.

 

[rightwinger]

Trump is smart, he has a big brain.
He went to Wharton and only smart people go to Wharton. He got a BACHELORS degree in Economics which makes him smarter than so called experts.

If he says tariffs cannot be passed down…..Believe him
China will send us a check to pay their tariffs…..Believe him
If he says tariffs will not cause inflation …..Believe him
If he says economic rules do not apply to him…..They don’t

 

[SweetTea]

One day Trump is selling Teslas and pushing DJT stock, the next day he's threatening Wal Mart if they protect their shareholders.

Yeah. That's an authoritarian.

What if Walmart doubled all their prices? Would that be good for their shareholders? Why or why not? Tariffs aside, why didn’t Walmart raise their prices last year if it was such a good idea for their bottom line and their shareholders?

 

[berg80]

And another personal attack without addressing or denying the FACTS that I provided.

Good stuff.

No expectation level of a substantive reply is too low when dealing with trumples.

 

[SweetTea]

No expectation level of a substantive reply is too low when dealing with trumples.

Except that I have replied multiple times.