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

[berg80]

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.

Look what Sheik Donald just did in the ME. He's more interested in making business deals, and getting luxurious planes for his personal use in return, than adhering to a cogent US foreign policy approach.

 

[TemplarKormac]

I trade on volatility, not direction.

That's stupid.

You rely on unpredictability rather than consistency.

 

[berg80]

The “experts” you listen too are wrong far to often. Everything they say must be taken with a grain of salt. They rely on the ignorant masses to lap up everything they say without so much as a single individual thought.

You've just described trumpery, and the unthinking adoration of Dotard, to a tee.

 

[Marener]

Come to think of it, Trump just admitted HE HAS BEEN LYING about this.

Who did he tell to "eat the tariffs"? AN AMERICAN COMPANY.

It’s almost as if the economy is being centrally planned.

 

[TemplarKormac]

Mac still laughing.

He thinks we're all beneath him, that arrogant snob.

 

[SweetTea]

This is a lot of wishful thinking.

Why did Walmart raise prices during the Biden administration and why didn’t it hurt their bottom line?

You mean when inflation was above 9%? Yeah, Walmart raised their prices far more than that in many areas. They also saw record profits…go figure. Now they are trying to use the tariffs as an excuse to raise prices again. Don’t fall for it and prices will not rise. If you fall for the narrative that businesses must pass tariffs on to consumers, you are just feeding the beast. They don’t. That was kind of Trump’s point.

 

[TemplarKormac]

Like claiming other countries pay our tariffs? What an ignorant thing to believe.

Yeah they do, just like we paid theirs.

What ignorance do you believe?

 

[wamose]

I know I'm wasting my time here, but here we go:

If WM doubles their prices for no defensible reason and it ultimately affects share prices, that might very well be worthy of a class action fiduciary lawsuit.

WM raised prices due to inflation and input costs, shareholders knew that, and didn't see a fiduciary breach. Obviously.

This is only complicated for Trumpsters. Otherwise, it's all pretty straightforward, consistent, and based on fiduciary law.

You're welcome.

What this dude is saying is that fiduciary responsibility is an acceptable excuse to rip off workers and customers. And the customers recourse is a class action suit where, if they win, everyone in the class gets $5 bucks after the lawyers take their millions off the top. The reason why banks-financial advisors and insurance companies have their name on most of our giant sports stadiums-arenas, is because they are the biggest robber barons. And they produce nothing.

 

[berg80]

Many still believe that. Somehow.

They have a well practiced ability to filter out factual content.

 

[Marener]

Yeah they do, just like we paid theirs.

What ignorance do you believe?

Tariffs are paid by the importer. In this case, Walmart.

 

[berg80]

It’s almost as if the economy is being centrally planned.

That's the goal. With you know who calling all the shots. Which would be awesome since he has such an impressive history running his businesses.

 

[rightwinger]

Tariffs are paid by the importer. In this case, Walmart.

Does that mean China will not be sending us a check?

 

[Marener]

You mean when inflation was above 9%? Yeah, Walmart raised their prices far more than that in many areas. They also saw record profits…go figure. Now they are trying to use the tariffs as an excuse to raise prices again. Don’t fall for it and prices will not rise. If you fall for the narrative that businesses must pass tariffs on to consumers, you are just feeding the beast. They don’t. That was kind of Trump’s point.

I remember when Dems said that inflation was being driven by corporate greed. They were ridiculed.

Thanks for admitting we were right all along.

This also contradicts the point you were trying to make, that raising prices would reduce revenues. That didn't happen under Biden, it probably wouldn’t happen now.

No, businesses don’t HAVE to pass on the cost of tariffs, but they have to do something to remain profitable. Walmart could start laying people off to reduce costs. Maybe cut benefits or wages.

What do you think they should do since their gross profit margin is being eaten up by tariff costs.

 

[SweetTea]

Like claiming other countries pay our tariffs? What an ignorant thing to believe.

Other countries don’t, but indeed some foreign manufacturers can and will if necessary. They aren’t going to go out of business because the tariffs have lowered demand in the US, negatively affecting their bottom line, without some type of action. Yes, if tariffs were so high that they couldn’t make a profit by eating them, they would not, but that is not going to be the case. What you guys repeatedly fail to understand is the power of the relatively wealthy US consumer.

 

[TemplarKormac]

Tariffs are paid by the importer. In this case, Walmart.

Yeah? US pays import tariffs, and China supposedly pays import tariffs. However, we paid more in tariffs. That's not deniable. We charged very little in tariffs while other countries tariffed us freely.

Listen to the video with Bill Simon. He ran the Walmart for 4 years. His experience trumps Mac's, and yours.

 

[TemplarKormac]

I remember when Dems said that inflation was being driven by corporate greed. They were ridiculed.

Thanks for admitting we were right all along.

Yikes. Stop touching yourself.

Funny, though, you should mention that. How is it we're taking your position now? It appears you have abandoned the common man after so many years of accusing us of doing the same.

 

[SweetTea]

I remember when Dems said that inflation was being driven by corporate greed. They were ridiculed.

Thanks for admitting we were right all along.

This also contradicts the point you were trying to make, that raising prices would reduce revenues. That didn't happen under Biden, it probably wouldn’t happen now.

No, businesses don’t HAVE to pass on the cost of tariffs, but they have to do something to remain profitable. Walmart could start laying people off to reduce costs. Maybe cut benefits or wages.

What do you think they should do since their gross profit margin is being eaten up by tariff costs.

I think they can go to the importers or the manufacturers, since they have direct ties with many of them and work out better pricing. The US consumers doesn’t have to eat all of the cost.

 

[TemplarKormac]

but they have to do something to remain profitable.

Right. So the customers feed the cow, but they can't feed their families. Got it.

 

[Marener]

I think they can go to the importers or the manufacturers, since they have direct ties with many of them and work out better pricing. The US consumers doesn’t have to eat all of the cost.

Wishful thinking. The margins on commodity goods are already razor thin.

 

[TemplarKormac]

What do you think they should do since their gross profit margin is being eaten up by tariff costs.

Lol.

30% will not eat up their gross profit margin. They are shrewd financiers, they can navigate it.