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Trump warns Walmart: Don’t raise prices due to my tariffs but do eat the costs from those taxes (apnews.com)

submitted 2 months ago by cm0002@lemmy.world to c/usa@midwest.social

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WASHINGTON (AP) — President Donald Trump on Saturday ripped into Walmart, saying on social media that the retail giant should eat the additional costs created by his tariffs.

As Trump has jacked up import taxes, he has tried to assure a skeptical public that foreign producers would pay for those taxes and that retailers and automakers would absorb the additional expenses. Most economic analyses are deeply skeptical of those claims and have warned that the trade penalties would worsen inflation. Walmart warned on Thursday that everything from bananas to children’s car seats could increase in price.

Trump, in his Truth Social post, lashed out at the retailer, which employs 1.6 million people in the United States. He said the company, based in Bentonville, Arkansas, should sacrifice its profits for the sake of his economic agenda that he says will eventually lead to more domestic jobs in manufacturing.

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[–] adarza@lemmy.ca 40 points 2 months ago* (last edited 2 months ago) (1 children)

he has tried to assure a skeptical public that foreign producers would pay for those taxes and that retailers and automakers would absorb the additional expenses.

donvict still doesn't understand how capitalism works. he 'makes' all his money with lies and cheats and grifts, not good ol' fashioned capitalism and exploiting of the working class and poor. the only ones who are gonna be 'paying' the tariffs are those at the end of the distribution chain--the consumers.

[–] Nougat@fedia.io 14 points 2 months ago

If foreign producers are paying, why would US retailers and automakers have to pay any extra?

It’s almost like Little t has no idea how anything works.