Wow. I used to think he just couldn't stop lying about tariffs...
But now I'm convinced he has NO idea what they are or how they work... NONE
he treats them like his court cases, he thinks tariffs are a way to bully people to do what you want. he has no idea the economic implications of it. also hes doing it as a behest to putin.
Walmart made BILLIONS OF DOLLARS last year, far more than expected.
Under Joe Biden's absolutely terrible, awful, most baddest saddest America-lastest economy?
Dear 47, tariffs are essentially sales taxes based on origin rather than point of sale. If a business has, lets say, a 2.5% profit margin they cannot “eat” tariffs larger than that because to do so would defeat the purpose of being in business (to make profit) in the first place, and said business would soon be bankrupt. I know you know what that is, having numerous failed business’ yourself.
I just looked earlier today at WalMart’s self- reported profit margin for FY 2024, and it was approximately 4.2%. I had much the same thought. Even if tariffs are only raised by 10% on their imported products, that has the potential to completely disappear their profits. I’m enough of a socialist-leaning person to need to point out this: The American conception of corporations only purpose being profit machines has only existed in its current form since he 1980s, and is not an absolute law of economics. However, I’m certain that Trump is only interested in making Trump look good.
casinos were done on purpose to launder russian money through his properties.
Walmart should put up price tags showing how much of the price is "Trump Tax".
So the "elected" government is trying to control prices? Isn't that the definition of socialism?
Socialism is only bad when the left does it.
It's an element of a planned economy which has been more commonly used in authoritarian socialist countries but isn't exclusive to them.
(Fun fact because I just looked it up: There doesn't seem to be one generally accepted definition of "socialism".)
This asshole isn't dead yet?
If he's supposed to be such a great businessman, why is he angry over this? This is exactly what a business does in a tariff situation. No business willingly reduces its margins, it just passes the costs onto the customer.
His uninformed voters buy it.
It's that simple. That and Trump is used to bullying.
Well Walton family, you know what you have to do.
Get rid of Trump like they got rid of 1000s of small American businesses and well paying jobs?
Trump rages at truth, facts and concrete .evidence
Why not refund the taxpayers cost of tariffs from the tariffs collected? Tariffs are being broken out on invoices, file the tariff tax as deductions on 1040’s. It would be a wash for the taxpayers.
Rages at reality for doing the thing everyone said would happen?
It's depressing how important this is. Walmart is core to a lot of American's purchasing. If Walmart decides to kiss the ring, even for a while, when they stop could determine when a wave of anger will hit, maybe even control the midterms. If they just pass on the prices now, many americans' cost of living is going to soar, right at the same time many of them will be facing layoffs as businesses choke to death on materials costs.
Anyone else remember what happened last time large numbers of americans experienced large amounts of free time? Do you think they'll be any happier when they are experiencing that level of free time without the benefit of CoViD stimulus? A lot of people are going to get hurt.
doesnt sound very free market to me
if they raise prices because they have to, thats just normal
if they raise prices because they can get away with it, thats kinda nasty though
Hahaha! This is the ONE time I agree with Trump.
All defending the house that Sam built, it is the richest company in the world by revenue beating out Amzaon and state owned organizations like Saudi Aramco and Chinese controlled organizations. It regularly bullies its way into small towns, demanding tax cuts and the infrastructure to build their stores, run those stores at a loss until all competition is gone then raises prices to squeeze out the area. Then is happy to shut down the "bottom performing stores" leaving a wasteland behind for these towns that lost everything to the mega giant. They're turning the home town of Bentonville into Austin, even driving out local business for their friends out of Austin.
And the biggest thing is... Project 2025, all of this going on, written by the Heritage Foundation... The Walton Family Foundation is one of the big funders of the Heritage Foundation as well as many of the other Project 2025 advisory board partners. They made it easy to search even! https://www.waltonfamilyfoundation.org/grants-database
I've come from its home town, Walmart has always pushed a radical republican conservative agenda. Walmart is not some hapless victim, this is pure 100% leopards dining on some faces that voted for the leopards eating faces party.
He really doesn't understand tariffs or business or, really much of anything, does he? Businesses pass on costs to consumers, if the government intentionally increases costs China isn't paying it, Walmart isn't paying it, where does he think the money comes from?
I have a very good relationship with a small bookstore here, a lot of their magazines are printed in Canada and a lot of their books are printed in China. I'm VERY worried for them.
They aren't in a position to absorb the costs, but at the same time, raising prices will turn off their customers. And they BARELY survived Covid.
They can't go to companies like Marvel and go "Hey, pretty please, with sugar on top, can you stop printing in Canada and China?"
I thought tariffs are a tax on other countries that they have to pay? And even if that's wrong, it's wrong for companies to raise prices when goods become more expensive. /s
And once the trade war is done, the prices will remain higher due to "record profits" and "people will continue to pay it because they have to".
Man he really is the American lukashenko D:
WalMarts whole thing is tiny profit margins
They literally don't have a choice. It isn't about giving up profit margins, it's about having a profit margin AT ALL.
Walmarts whole thing is driving out competition. They're the richest company in the world and supported Trump. They asked for this.
Just more displaying that the rich, and particularly rich people like trump, live in the land of no consequences. They make demands that others pay for, never themselves, and when underlings defy them they become furious. Walmart CEOs are underlings, now.
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