tRUMP’s insane tariffs benefit NO ONE but hurt American consumers
CNN reports:
“Walmart said on April 15 it would increase prices because Trump’s tariffs were “too high,” particularly when it came to products made in China.
“We will do our best to keep our prices as low as possible. But given the magnitude of the tariffs, even at the reduced levels announced this week, we aren’t able to absorb all the pressure given the reality of narrow retail margins,” Walmart CEO Douglas McMillon said in an earnings call.
Price changes at Walmart will likely take effect by the end of May and prices will increase “much more” in June, the company’s chief financial officer John David Rainey, told CNBC.”
“Walmart said on April 15 it would increase prices because Trump’s tariffs were “too high,” particularly when it came to products made in China.
“We will do our best to keep our prices as low as possible. But given the magnitude of the tariffs, even at the reduced levels announced this week, we aren’t able to absorb all the pressure given the reality of narrow retail margins,” Walmart CEO Douglas McMillon said in an earnings call.
Price changes at Walmart will likely take effect by the end of May and prices will increase “much more” in June, the company’s chief financial officer John David Rainey, told CNBC.”
