As a bellwether of U.S. consumer health, Walmart's explicit statement about the impact of tariffs is a signpost for how the trade war is affecting the retail sector. Walmart is noted for its ability to manage costs more aggressively than other companies to keep prices low.
Every week, 255 million people shop in its stores or place orders online around the world, and 90% of the U.S. population lives within 10 miles (16 km) of a Walmart.
Walmart's disclosure comes about three weeks after a published report that Amazon (AMZN.O)
, opens new tab planned to disclose how much Trump-imposed tariffs were adding to the costs of its products. The White House blasted Amazon over the report, which the company promptly denied.
TRUMP'S TIRADE ABOUT TARIFFS (TO WALMART) IS LAUGHABLE AS BEST AND TREMENDOUSLY ABSURD.....ASTOUNDING THAT HE HAS THE AUDACITY TO EVEN THINK THAT 'HIS BUDDIES" HAVE THE RIGHTS TO THE BEST OF THE BEST AND THE REST OF THE NATION SHOULD JUST "EAT IT".......YOUR CZAR AT HIS CALLOUS COUNTENANCE.....R U PROUD OF THE MONEY CRAZED POTUS???
FredHayek wrote: I thought China would pay the tariffs?
Brightside? Nation being trained to shop elsewhere. Don't buy Chinese Trojan Horses.
Now if we do go to war with China, they can create power outages on the Home front.
And HA? She wants America more dependent on Chinese goods.
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IS THAT HOW U INTERPRETED MY CRYSTAL CLEAR POST? TRUMP WANTS,NO DEMANDS THAT POWELL LOWER INTEREST RATES AND THAT WALMART SHOULD JUST EAT IT....HE BROUGHT THIS ONTO HIMSELF AND NOW EXPECTS OTHERS TO RESOLVE HIS SCREW UP.....AND CONTINUES TO PLACE BLAME EVERYWHERE AND TO EVERYONE....CLASSIC BEHAVIOR FOR A IMMATURE,EGO CENTERED BMOC.....BIG MAN ON CAMPUS....A MANCHILD THAT NEVER
EVOLVED INTO A FULL REALIZED MALE.
Everything is about President Trump with you.
He can demand all he wants. And maybe Walmart and China will submit, but he doesn't have as much power as the Left claims.
Thomas Sowell: There are no solutions, just trade-offs.
EXCUSE ME....I BELIEVE THE RIGHT IS HANGING ONTO EVERY ACTION AND WORD, BECAUSE THEY R AFRAID OF RETRIBUTION....NO GUTS, NO COURAGE.NO INTEGRITY...WE WILL WAIT.