this post was submitted on 23 Nov 2024
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[–] fukhueson@lemmy.world 55 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

They said this the last time it happened... During his last presidency.

https://www.reuters.com/article/business/walmart-says-higher-china-tariffs-will-increase-prices-for-us-shoppers-idUSKCN1SM18X/

Walmart Chief Financial Officer Brett Biggs said in an interview that higher tariffs will result in increased prices for consumers.

If only someone else said something about how bad these tariffs would be...

https://www.piie.com/blogs/realtime-economics/2024/trumps-proposed-blanket-tariffs-would-risk-global-trade-war

https://amp.miamiherald.com/opinion/article292867514.html

https://apnews.com/article/harris-economy-ceos-trump-rule-of-law-tariffs-2dd224c63fb4dae47438b6599cc5a968

https://www.cnbc.com/amp/2024/09/09/economist-calls-trumps-threat-to-tariff-countries-that-shun-the-dollar-a-lose-lose.html

https://www.euronews.com/business/2024/11/04/how-much-could-trumps-tariffs-damage-europes-economy

https://abcnews.go.com/amp/Business/would-trumps-tariffs-trigger-global-trade-war-experts/story?id=114887448

https://thehill.com/opinion/finance/4938752-trump-economic-policies-impact/amp/

https://amp.cnn.com/cnn/2024/10/16/politics/trump-fact-check-john-deere-economy

https://www.semafor.com/article/10/18/2024/what-are-the-consequences-of-trumps-tariffs

https://www.businessinsider.com/trump-tariff-threat-john-deere-economists-baffled-2024-9

https://fortune.com/2024/08/16/trump-tariffs-trade-war-inflation-economic-policies-joachim-klement/

https://www.cbsnews.com/amp/news/yellen-speech-tariffs-will-increase-inflation-risk-trump/

[–] this@sh.itjust.works 10 points 3 weeks ago (2 children)

I'm not saying no one was warning us against tarrifs, just pointing out that Walmart specifically waited until after trump was elected (apparently twice now) to announce their warning about tarrifs.

[–] Hathaway@lemmy.zip 4 points 3 weeks ago (1 children)

Walmart doesn’t have an obligation to educate the American electorate.

[–] this@sh.itjust.works 6 points 3 weeks ago (1 children)

Yes that is true, so ask yourself why they would make such announcements after they know it won't change anything. Best case scenario they are trying to save face for when the tarrifs drive up prices. Worst (and IMO most likely) case is that they use it as an excuse to further increase their profit margins, much like they and other stores did when there was an increase in inflation.

[–] Hathaway@lemmy.zip 3 points 3 weeks ago

While I don’t disagree, from a business standpoint, yeah, exactly what you said, the reality is they’re coming. When prices go up, they just told everyone who to blame, rather than trying to deflect after having to raise prices.

[–] fukhueson@lemmy.world 2 points 3 weeks ago

Ah, well let's hope voters don't need a third warning just from Walmart to realize the danger the next time this pops up.