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Walmart is telling customers that prices could rise in their stores thanks to President-elect Donald Trump's plan to dramatically hike tariffs.

Walmart is telling customers that prices could rise in their stores thanks to President-elect Donald Trump's plan to dramatically hike tariffs.

The warning came from the company third quarter earnings results, which saw the retail giant post 5.5 percent revenue growth, along with a 27 percent surge in global ecommerce sales.

Walmart CFO John David Rainey said that while customers are willing to pay more to get orders faster, they be forced to pay even more if Trump's extraordinarily high tax on all Chinese imports is enacted.

https://www.dailymail.co.uk/yourmoney/consumer/article-14101281/walmart-warns-higher-prices-year-trump-tariffs.html
luckranger71 · 51-55, M
“Fake news”
“Walmart is part of the Deep State!”
“This is due to the George Floyd riots!”
“It’s Biden’s/Hillary’s fault”
“Minimum wage is too high”


Did I miss any excuses?
luckranger71 · 51-55, M
@tindrummer yeah can’t believe I forgot that one.
luckranger71 · 51-55, M
@sstronaut I’m losing my touch
trollslayer · 46-50, M
@luckranger71 illegals
It'll be interesting to see when Trump himself has to talk about America tightening its belt to win the trade war how he'll go about it.

My guess is, he'll want to focus on McDonald's or something similar, even if it's not really related.
black4white · 56-60, M
@MistyCee You and I both know he will deflect it off and blame the other country for making it cost more lol and his minions will jump on that ship too
justanothername · 51-55, M
@MistyCee Trump will do what Trump does, vere off script after 2 minutes and spend the next 45 minutes spouting verbal diarrhea about all the means nasty Democrats that he hates.

I the base will lap it up like good little doggies.
Strictmichael75 · 61-69, M
@MistyCee He said the exporters will pay the tax! Lol 😂😂😂😂😂
robertsnj · 56-60, M
they said specifically paraphrased [quotetelling customers that prices could rise in their stores thanks to President-elect Donald Trump's plan to dramatically hike tariffs.][/quote]

if so their PR campaign for this sucks. as a corporation they have a clean supply chain system and the ability to downshift both employee pay and employees per store---that would be interesting from a business process standpoint is how their internal strategies would shift to mitigate the damage that tariffs would do to both their business and profilt margins (from lower sales volume)

it is fascinating from a business perspective they didn't get amazon'd out of business (same with Target) like other retail chains did

It would be interesting in how Shenzhen and other China manufacturing powerhouses navigate this idea---

I don't think the USA can "win" a tariff war with China or India or anyone for that matter---often it is a poor policy / business decision / that knuckle head should have paid more attention in the business classes that is daddy bought for him.
Jimmy2016 · 61-69, M
🤔................With so many American companies owned by China and everything that American people buy is Made in China, the tariffs will drive up the price of products across the board...........Tariffs are payed by the American Companies that import products from China and the American companies will pass the cost of increasing tariff taxes on to the consumers............
black4white · 56-60, M
@Jimmy2016 Actually Orangeman will make it so there is NO inflation and prices go back to what they were in the 80’s

Your comments are spot on and can you believe people voted for this mess
tindrummer · M
Wonder if they'll blame the libs?
That's what Biden did, for solar panels. Strange how you can't find one single difference between Trump and Biden, really, but I am the only one ready to remember that while voting as and living. You folks have a fabulous nation! Nobody can break in through that darkness.
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LordShadowfire · 46-50, M
@justanothername Which is hilarious when you follow the money and see who Walmart quietly supported all along. They don't support the BS about election fraud, but they are still fairly conservative in nature.

 
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