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

[SweetTea]

Same playbook as last term with the same promises.

Back then, GDP growth rose to a staggering 2.9%, which conservatives then claimed was astoundingly high despite saying it was an embarrassment under Biden.

That's my point about your vague statements. You never say anything disprovable. You can always retcon anything to fit your narrative.

Biden spent like a drunken sailor(almost 2 trillion dollars) with the American Rescue Act. Joe's highest growth was in 2021 which skewed the average of the following 3 years as did Trump's last year. Remove the outliers of 2021(COVID/lockdown recovery) and 2020(COVID) from Biden and Trump's first term and you will see that Trump averaged 2.5% and Biden 2.47%. I thought you said that Trump was terrible for the economy during his first term? If so, Biden was even worse.

 

[Marener]

The bottom line is that the country and the world will be better off this year, during Trump's first term, than it was when Biden left off. Our economy will be better and the world will be safer. If you want specifics, then why don't you provide some regarding your predictions. What will inflation be by the end of the year? What about GDP? What about job growth(keeping in mind they are telling this truth now)? What I am telling you is that the entire package that Trump is perusing will grow the economy and reduce the deficit. You are saying it won't. Lets agree on some terms and then revisit this at the end of the year.

I don't make predictions because I have no idea what Trump is doing and I don't really think he does either.

There really isn't much of a point to talking about inflation, GDP, jobs growth because you will just believe whatever you want to believe. If you don't like the data, you just make up a story about it being false.

We don't share a common reality. You live in a fantasy world.

 

[Rambunctious]

I'm glad this lie has popped back up... the media got this from a worse case scenario call that the stock market requires for every company and corporation...
WalMart said they will eat the tariffs as long as they can...

 

[Marener]

Biden spent like a drunken sailor(almost 2 trillion dollars) with the American Rescue Act. Joe's highest growth was in 2021 which skewed the average of the following 3 years as did Trump's last year. Remove the outliers of 2021(COVID/lockdown recovery) and 2020(COVID) from Biden and Trump's first term and you will see that Trump averaged 2.5% and Biden 2.47%. I thought you said that Trump was terrible for the economy during his first term? If so, Biden was even worse.

When did I say Trump was terrible for the economy?

I've been very consistent in saying the economy under Trump was good. Not great. Not astounding. Not a miracle. It was good.

It really wasn't all that different than Biden's economy.

But step back to 2016 and conservatives were saying that GDP growth under 3% was an abysmal embarrassment and that Trump mentioned getting GDP growth much higher than that. One time that lunatic said it could be as high as 6%.

Trump-O-Meter: | PolitiFact

www.politifact.com

Of course it never happened, but that didn't stop his supporters from proclaiming it the best economy the country has ever had, which is just silliness.

The point here is that you're again predicting amazing economic growth based on the same policies. It didn't really work the first time, but this time is different?

 

[Rambunctious]

When did I say Trump was terrible for the economy?

I've been very consistent in saying the economy under Trump was good. Not great. Not astounding. Not a miracle. It was good.

It really wasn't all that different than Biden's economy.

But step back to 2016 and conservatives were saying that GDP growth under 3% was an abysmal embarrassment and that Trump mentioned getting GDP growth much higher than that. One time that lunatic said it could be as high as 6%.

Trump-O-Meter: | PolitiFact

www.politifact.com

Of course it never happened, but that didn't stop his supporters from proclaiming it the best economy the country has ever had, which is just silliness.

The point here is that you're again predicting amazing economic growth based on the same policies. It didn't really work the first time, but this time is different?

The economy from 2016 to 2019 was the best US economy of our lives.... denying that is feckless because we all lived it.... the worst thing to happen to America is Obama... 2nd is Biden or Obiden autopen....

 

[Marener]

The economy from 2016 to 2019 was the best US economy of our lives.... denying that is feckless because we all lived it.... the worst thing to happen to America is Obama... 2nd is Biden or Obiden autopen....

I find it hard to call it the best economy of our lives when GDP growth was below 3% and the Fed couldn't raise interest rates above 0% without causing the market to wobble.

Hell, we couldn't even balance the budget when it was the "best economy of our lives".

You just repeat the Trump propaganda.

 

[SweetTea]

I don't make predictions because I have no idea what Trump is doing and I don't really think he does either.

There really isn't much of a point to talking about inflation, GDP, jobs growth because you will just believe whatever you want to believe. If you don't like the data, you just make up a story about it being false.

We don't share a common reality. You live in a fantasy world.

Dude, the fantasy world is all you guys. The mass freak-out a few weeks ago is a prime example. No real world data, just pure ignorant speculation caused a downturn. Sadly, many ignorant people fell for it and sold at big losses. They will never learn if they continue to listen to political pundits, which is exactly what most of the "experts" have become.

 

[SweetTea]

The point here is that you're again predicting amazing economic growth based on the same policies. It didn't really work the first time, but this time is different?

As you stated, the economy didn't collapse in Trump's first term and you and other left-wing pundits are predicting that to happen this time with the "same policies". Why is that? By the way, the same people that predicted a downturn in his first term are predicting it again. Get it yet?

 

[Rambunctious]

I find it hard to call it the best economy of our lives when GDP growth was below 3% and the Fed couldn't raise interest rates above 0% without causing the market to wobble.

Hell, we couldn't even balance the budget when it was the "best economy of our lives".

You just repeat the Trump propaganda.

People... especially working people are a better judge than any set of numbers or graphs... both are made my flawed humans... but we the people know things are looking up and improving rapidly...

 

[Mac1958]

The shit he said about the CEO of Mattel was way worse in my opinion.

https://finance.yahoo.com/news/wont-sell-one-toy-united-193109262.html

This is a fundamental of fascism. The individualization and personalization of government and economy, to the point that Trump can threaten and control CEOs and companies to bend to his will.

Yep, the Dear Leader choosing the winners and losers.

One day he's on the fucking White House lawn selling Teslas and pitching his DJT stock online, the next day he's threatening American companies to make less money.

He is unwell and clueless, and the flock just keeps mindlessly bending over for it.

 

[Kondor3]

Rolling Stone

Walmart, the largest retailer in the nation, has announced it is raising prices because of President Donald Trump's tariffs.

The retail giant said on Thursday that it may absorb some of the import taxes, but it is still raising prices to offset increased costs resulting from Trump's ill-advised trade war.

MSN

Good.

We have to break our terrible and suicidal economic dependency upon China and its near-slave-wages labor pool.

Time to take the pain and then put it behind us as we ramp-up more production back on-shore again.

 

[SassyIrishLass]

Biden spent like a drunken sailor(almost 2 trillion dollars) with the American Rescue Act. Joe's highest growth was in 2021 which skewed the average of the following 3 years as did Trump's last year. Remove the outliers of 2021(COVID/lockdown recovery) and 2020(COVID) from Biden and Trump's first term and you will see that Trump averaged 2.5% and Biden 2.47%. I thought you said that Trump was terrible for the economy during his first term? If so, Biden was even worse.

He walked like a drunk sailor too

 

[Toddsterpatriot]

Inflation falls in depressions. Trump gave us a depression.

What was inflation before Trump did that?

 

[Marener]

People... especially working people are a better judge than any set of numbers or graphs... both are made my flawed humans... but we the people know things are looking up and improving rapidly...

So it's just vibes. Gotcha.

 

[Marener]

As you stated, the economy didn't collapse in Trump's first term and you and other left-wing pundits are predicting that to happen this time with the "same policies". Why is that? By the way, the same people that predicted a downturn in his first term are predicting it again. Get it yet?

Trump either refrained or was prevented from doing a lot of stupid shit that we said would collapse the economy. You saw what happened when Trump instituted his ridiculous tariffs. He didn't do that nonsense last term. He also didn't do mass deportations. He didn't do massive federal budget cuts. That's the kind of stuff that is harmful to the economy.

He did cut taxes and run massive budget deficits, which stimulates growth somewhat but isn't a long term solution.

 

[struth]

I find it hard to call it the best economy of our lives when GDP growth was below 3% and the Fed couldn't raise interest rates above 0% without causing the market to wobble.

Hell, we couldn't even balance the budget when it was the "best economy of our lives".

You just repeat the Trump propaganda.

I guess it depends how old you are, but I agree, it's easier to say that Trump gave us the best economy of the 21st Century

 

[Mac1958]

Trump either refrained or was prevented from doing a lot of stupid shit that we said would collapse the economy. You saw what happened when Trump instituted his ridiculous tariffs. He didn't do that nonsense last term. He also didn't do mass deportations. He didn't do massive federal budget cuts. That's the kind of stuff that is harmful to the economy.

He did cut taxes and run massive budget deficits, which stimulates growth somewhat but isn't a long term solution.

His stupid, ham-handed tariffs caused an extended manufacturing recession in 2019, as well.

 

[Dragonlady]

I fear WalMart is using tariffs as a convenient scapegoat to boost margins. Two thirds of the goods they sell are made in the US. They could easily absorb the increase of costs like they did in 2019 if they weren't so greedy now.

Walmart has a 3% net profit margin on sales. Given that they already have the lowest wages in the retail sector, how exactly are they supposed to absorb a 30% tariff on 60% of their current inventory?

The short answer is that they can't do any such thing and remain profitable. Nor can they afford to be "patient" with this Administration, especially considering that Trump's goals for taxing imports in this manner seem to be shifting with the tides.

If the goal is to bring back manufacturing, it's an abject failure.

 

[Zincwarrior]

What was inflation before Trump did that?

Who cares we were in a depression. But if you want inflation, just wait until next month.

 

[The Irish Ram]

Since none of the tariffs are in place yet, and China is agreeing to lower prices, guess who is getting rich by gouging us...