If Walmart really loved Trump, they'd sell their items at a loss to own the libs. Well, I guess I can't be too surprised, another woke corporation making excuses to jack up the prices. Trump said China'd pay the tariff so I don't see what Walmart has to do with it.
this post was submitted on 17 May 2025
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Old man yells at clouds. Too old and too much dementia to run the country.
If the stuff comes from a place where tariffs have been applied, the price should go up.
If it's modified corn gloop from Kentucky, the price should not go up.
So which prices are going up?
That's a bit of a gross oversimplification. Overseas or foreign product? Sure tariffs apply 100%.
But what if the modified corn gloop is processed with a machine from Germany? And quality inspected with a sampling device from Canada? And the cameras used to inspect the packaging come from Japan? And the computers to power the logistics operations come from Taiwan, Korea and China?
Sure the corn gloop isnt taxed via tariff, but every single part of its manufacturing just got 20-120% more expensive (and supply chains got that much less predictable). Most businesses would go under if they tried to eat that cost.
The answer? Sweeping tariffs mean sweeping price increases. The list of which prices won't go up will be infinitely smaller.
While I get your point, they already have that stuff bought and I think you’re vastly overestimating how much some of that cost really impacts the cost of the good. Yes it would go up, but not nearly that much.
Which is also to say that corporations love these things because they mean they can just make wild claims about how impacted they are and raise prices pretty much however much they want.
Yeah, this is also true. Global supply chains are unfathomably large.
And really, Walmart aren't really doing a lot themselves. All those Walmart branded products are made by a third party, just like the regular branded stuff.
If the amount goes up on Walmart's supplier invoice, the amount goes up on the shelf. High volumes and thin margins means there's no wiggle room to "eat" anything.
Their only two options are to stop stocking a product, or to pay and charge more.
King Canute knew he couldn't control the tides to but Trump thinks he can control supply and demand.
What a Cnut.
What the fuck did this moron think was going to happen?
He thought that applying pressure through broad import taxes would force foreign manufacturers to drop their prices to avoid losing those sweet sweet US sales, and that foreign governments would line up at his door, begging for "deals". He was wrong, and anyone with a brain would have known that.
I honestly don't think anyone actually informed him of how this would go down.
The president currently holds a cabinet of people and constituents who have, for the greater part of the past 12 years, relied on the ideals of sycophantic behaviour and likewise. To be in the room and suggest that an idea is not good would and likely has turned heads and gotten them removed from their positions. Look at the most recent Removal of the FEMA administrator: bashed on fema previously, incited change, told congress that axing FEMA would be a bad thing, immediately fired and replaced with a sycophant
Lack of informed information because it doesn't align is part of the M.O. of this administration and the GOP for several years now. The only thing that matters is the ideal of greatness, whatever logic that entails.
This individual also has notably refuted and refused to consume media that doesn't tailor to his outlook. Even bashing on Fox, which is the biggest right winged media outlet out there.
My point is, he probably did not truly know what would happen. On paper and in his entourage, tariffs are indeed technically a tax on other countries, but in practice It is a tax on the people.
Chyna was going to pay the tariffs
What does the WWE have to do with any of this?
So the "elected" government is trying to control prices? Isn't that the definition of socialism?
It's an element of a planned economy which has been more commonly used in authoritarian socialist countries but isn't exclusive to them.
(Fun fact because I just looked it up: There doesn't seem to be one generally accepted definition of "socialism".)
Worker ownership of the means of production.
I.e. profits from goods and services go to those who provide them rather than investors.
That's communism. The two are not interchangeable.
Social ownership (public) of production, doesn’t have to be the workers
State capitalism exists though, ROK and CCP are the more famous examples
Which is why I scream about employee ownership whenever I can. It's the closest we can get in the states I think right now. NCEO
I'd say a good loose definition is just 'people pooling resources for the common good' so basically all taxes and things paid for by taxes including the military.
No
Socialism is only bad when the left does it.
Or the poors
Rages at reality for doing the thing everyone said would happen?
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