Walmart says it WILL raise prices because of tariffs

[Guno צְבִי]

Hey flyover country rubes , there goes you $20.00 a week tax cut, stock up on Vaseline

Walmart, America's largest retailer, said Thursday it WILL raise prices on some products as a result of the Trump administration's tariffs on Chinese goods.

"We're going to continue to do everything we can to keep prices low. That's who we are. However, increased tariffs will lead to increased prices, we believe, for our customers." Walmart chief financial officer Brett Biggs told reporters on a call after the retailer reported earnings for the first quarter of 2019.
Biggs did not say which items will become more expensive at Walmart. He noted, however, that Walmart's merchant teams have been developing strategies to mitigate cost increases and working with its suppliers to manage prices.

Retailers depend heavily on China in their supply chain. China accounted for about 41% of all apparel, 72% of all footwear, and 84% of all travel goods imported into the United States in 2017, according to a letter several retail trade groups sent to the Trump administration last week.
Other retailers have also recently warned that tariffs will hit their businesses.
On Wednesday, Macy's said it will raise prices on some merchandise because of the trade war with China.
https://www.cnn.com/2019/05/16/busin...ina/index.html

[reagansghost]

Walmart shoppers f'd, farmers going broke, top 1% getting even wealthier, war on women escalating through the roof, auto plants shutting down.............yup, there's a Repuke in office

[Sailor]

Looks like the real welfare mother fuckers on this board are upset!!!

[Jarod]

No Trump said China will pay!

[reagansghost]

No Trump said China will pay!

with a Mexican money order lol

[Jarod]

with a Mexican money order lol

They will believe anything.

[Mr.Badguy]

Looks like the real welfare mother fuckers on this board are upset!!!

Meanwhile corporate welfare whores are spreading their cheeks for another round.

[Sailor]

Meanwhile corporate welfare whores are spreading their cheeks for another round.

That is undeniably true also.

[Getin the ring]

Hey flyover country rubes , there goes you $20.00 a week tax cut, stock up on Vaseline

Walmart, America's largest retailer, said Thursday it WILL raise prices on some products as a result of the Trump administration's tariffs on Chinese goods.

"We're going to continue to do everything we can to keep prices low. That's who we are. However, increased tariffs will lead to increased prices, we believe, for our customers." Walmart chief financial officer Brett Biggs told reporters on a call after the retailer reported earnings for the first quarter of 2019.
Biggs did not say which items will become more expensive at Walmart. He noted, however, that Walmart's merchant teams have been developing strategies to mitigate cost increases and working with its suppliers to manage prices.

Retailers depend heavily on China in their supply chain. China accounted for about 41% of all apparel, 72% of all footwear, and 84% of all travel goods imported into the United States in 2017, according to a letter several retail trade groups sent to the Trump administration last week.
Other retailers have also recently warned that tariffs will hit their businesses.
On Wednesday, Macy's said it will raise prices on some merchandise because of the trade war with China.
https://www.cnn.com/2019/05/16/busin...ina/index.html

oh noooo guno the nut%%bag

you'll have to pay $6.oo now to feed your family for the week,
If you look at the front of the ramen noodle aisle I bet there's a coupon , you petty little rube

[reagansghost]

"you're fucked, that is all"

sign of the times

[Bill]

No Trump said China will pay!

LOL, they are not lowering their prices to hold market share in the USA... Americans are taking the hit...updated-trump-tax.jpg

Recent research shows that the new tariffs are completely passed through into increased prices paid by U.S. importers as the targeted goods cross the border and result in higher costs for U.S. firms. Most of the Chinese goods targeted by tariffs so far have been goods purchased by firms as inputs into their own production (see here). Firms may absorb some of the increase in prices of imported inputs by adjusting markups or try to minimize the cost increase by making substitutions. New research by Fajgelbaum, Goldberg, Kennedy, and Khandelwal finds evidence strongly suggestive that the importer of record bears the full burden of the tariff, that exporters generally are not absorbing part of the tariff burden by lowering their prices

The cost of Trump’s tariffs has fallen ‘entirely’ on US businesses and households: Goldman

Key Points

Goldman Sachs said the cost of tariffs imposed by President Donald Trump last year against Chinese goods has fallen “entirely” on American businesses and households, with a greater impact on consumer prices than previously expected.

The bank said in a note that the trade war’s impact on U.S. consumer prices is now higher than previously expected, partly because Chinese exporters have not lowered their prices to better compete in the US market

“One might have expected that Chinese exporters of tariff-affected goods would have to lower their prices somewhat to compete in the US market, sharing in the cost of the tariffs,” Goldman said.

[tsuke]

maybe walmart should get their products from other countries.

[canceled.2021.2]

China is paying

[evince]

Walmart shoppers f'd, farmers going broke, top 1% getting even wealthier, war on women escalating through the roof, auto plants shutting down.............yup, there's a Repuke in office

you forgot the part of lying to start middle east war

[Bill]

maybe walmart should get their products from other countries.

Easier said than done, why not tell them how to run their business......