politics

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

Walmart made BILLIONS OF DOLLARS last year, far more than expected.

Under Joe Biden's absolutely terrible, awful, most baddest saddest America-lastest economy?

What the fuck do you think businesses are gonna do? Their costs went up. Planet Money podcast had an interview with a small business owner that had to pay the 145% tariff on her imports ordered before the tariffs went into effect. On a $30,000 shipment, that’s an extra $43,500. You think businesses are gonna keep prices the same and eat that? They will go bankrupt.

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.

Walmart should put up price tags showing how much of the price is "Trump Tax".

Anyone else suffering from faux rage exhaustion?

So the "elected" government is trying to control prices? Isn't that the 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.

Reality does not conform to dementia hallucinations. This is what happens when you vote for a geriatric cantaloupe.

Well Walton family, you know what you have to do.

Trump rages at truth, facts and concrete .evidence

The Waltons didn't spend MILLIONS OF DOLLARS ELECTING TRUMP just so he'll YELL at Them! MAYBE with a Couple More Million he'll STOP IT!

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?

WHO SHAT MY PANTS!?!?

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

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.

Capitalist mad at another Capitalist for... doing basic Capitalism stuff...

🤔

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

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?"

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.

What the fuck did this moron think was going to happen?

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:

Oh, I hope his cult boycotts wal-mart.

Hahaha, get fucked both of them