Page 1 of 2 12 LastLast
Results 1 to 30 of 41

Thread: Walmart says it will raise prices because of tariffs

  1. #1

    Walmart says it will raise prices because of tariffs

    https://www.cnn.com/2019/05/16/busin...ina/index.html

    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.

    Walmart has less exposure to China than many other retailers because more than half of its sales come from groceries. Most of the food Walmart sells comes from the United States and other regions such as South America.

    But Walmart (WMT) still imports 26% of its merchandise from China, UBS analyst Michael Lasser estimated in a report earlier this week. Target (TGT) imports 34% of its products from China. Other companies, including sporting goods, auto parts and furniture sellers, have even greater exposure to China.

    Last week, the Trump administration hiked tariffs on $200 billion of Chinese-made goods. The tariffs mostly hit industrial materials and component parts, but also applied to luggage, hats and gloves for US importers.

    Additionally, the United States has started a formal process to put new tariffs in place on the remaining exports coming from China that aren't already taxed. That could make a number of goods, including toys, clothes and sneakers, more expensive for American consumers.

    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.

    "If the potential fourth tranche of tariffs is placed on all Chinese imports, that will have an impact on both our private and our national brands," CEO Jeff Gennette told analysts on an earnings call. He said it would be hard for Macy's to "find a path" to avoid increasing prices on consumers.
    Quote Originally Posted by Swordsmyth View Post
    The quality seems to have dropped significantly since I came here, I guess you get what you pay for.
    "There is always a tweet. That has become accepted fact in the Trump presidency: For every pronouncement the President makes, there is at least one tweet from his past that directly contradicts his current view." -CNN

    I am Zippy and I approve of this post. But you don't have to.



  2. Remove this section of ads by registering.
  3. #2
    LOL. Let me bold the pertinent points...

    "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.
    Meaning they are not sure. And they will do everything they can to make China eat the import fees.

  4. #3
    We should just ban all imports from China. Their flimsy products are made from communist devil magic and the tears of small children.
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Rand Paul (Vice Pres) 2016!!!!

  5. #4
    Quote Originally Posted by TheTexan View Post
    We should just ban all imports from China. Their flimsy products are made from communist devil magic and the tears of small children.
    You might have to spend more money for Made Anywhere But China items on your next trip to Wal-Mart.

  6. #5
    Quote Originally Posted by phill4paul View Post
    You might have to spend more money for Made Anywhere But China items on your next trip to Wal-Mart.
    I already buy Made-in-USA only

    Except for last year I bought a chest cooler with built in cup holders and built in speakers.

    Apparently American companies don't make coolers with built in cup holders and speakers.
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Rand Paul (Vice Pres) 2016!!!!

  7. #6
    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.
    Only people with magical thinking believe u can raise the cost of doing business without affecting the price consumers pay for it. Some liberals believe this but people with fundamental understanding of economics laugh at those people.
    You can maintain power over people, as long as you give them something. Rob a man of everything, and that man will no longer be in your power. Aleksandr Solzhenitsyn

    Quote Originally Posted by LibertyEagle View Post
    Trust principles; not people.
    My Che avatar is my unique way of giving a big middle finger to the, the neocons, the globalists, imperialists and most importantly to the left and right political establishment who hate his guts till this day. My admiration for him ends where his anti imperialist pro communism ideology starts.

  8. #7
    Quote Originally Posted by juleswin View Post
    Only people with magical thinking believe u can raise the cost of doing business without affecting the price consumers pay for it. Some liberals believe this but people with fundamental understanding of economics laugh at those people.
    It's devil communist magic.
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Rand Paul (Vice Pres) 2016!!!!

  9. #8
    One more thing about tariffs, I believe its a way to force the locals to invest in local industries by making then patronizing those businesses. It may pay of in the long run but to believe that somehow it will be pain free or cost neutral at the onset is just silly. If these business being protected by Trump end up flourishing and stand alone companies(i.e. thrive without govt help), then we all win. But I think its way too early to tell how this will end up.
    You can maintain power over people, as long as you give them something. Rob a man of everything, and that man will no longer be in your power. Aleksandr Solzhenitsyn

    Quote Originally Posted by LibertyEagle View Post
    Trust principles; not people.
    My Che avatar is my unique way of giving a big middle finger to the, the neocons, the globalists, imperialists and most importantly to the left and right political establishment who hate his guts till this day. My admiration for him ends where his anti imperialist pro communism ideology starts.



  10. Remove this section of ads by registering.
  11. #9
    Quote Originally Posted by TheTexan View Post
    It's devil communist magic.
    The communist Chinese are defying all economic laws by thriving under a big govt, centrally planned economy. Call it devil's magic all u want but something is definitely working for them.
    You can maintain power over people, as long as you give them something. Rob a man of everything, and that man will no longer be in your power. Aleksandr Solzhenitsyn

    Quote Originally Posted by LibertyEagle View Post
    Trust principles; not people.
    My Che avatar is my unique way of giving a big middle finger to the, the neocons, the globalists, imperialists and most importantly to the left and right political establishment who hate his guts till this day. My admiration for him ends where his anti imperialist pro communism ideology starts.

  12. #10
    Quote Originally Posted by juleswin View Post
    If these business being protected by Trump end up flourishing and stand alone companies(i.e. thrive without govt help), then we all win.
    We get all the benefits of a centrally planned economy, without the communism

    #MAGA
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Rand Paul (Vice Pres) 2016!!!!

  13. #11
    Quote Originally Posted by TheTexan View Post
    We get all the benefits of a centrally planned economy, without the communism

    #MAGA
    Therein lies the beauty that is Trump. We get the good of socialism without the killing fields
    You can maintain power over people, as long as you give them something. Rob a man of everything, and that man will no longer be in your power. Aleksandr Solzhenitsyn

    Quote Originally Posted by LibertyEagle View Post
    Trust principles; not people.
    My Che avatar is my unique way of giving a big middle finger to the, the neocons, the globalists, imperialists and most importantly to the left and right political establishment who hate his guts till this day. My admiration for him ends where his anti imperialist pro communism ideology starts.

  14. #12
    Good.

    Since the days of Nixon, stagnant wages and currency devaluation have been hidden by shoddy imports and cheap $#@! made from Chinesium.

    Just like the shock to the system the new tax code is throwing on people, this is a necessary shot in the arm.

  15. #13
    Quote Originally Posted by juleswin View Post
    The communist Chinese are defying all economic laws by thriving under a big govt, centrally planned economy. Call it devil's magic all u want but something is definitely working for them.
    Their manipulations will come back to bite them.

    Trump's tariffs are just one example.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  16. #14
    We had this already:


    Quote Originally Posted by Swordsmyth View Post
    Alternate title for this thread:

    China's Number One Collaborator Wants US To Surrender

    Allowing China to build up its military while plundering and destroying our economy is a VERY bad idea and will cost us much more than the tariffs will.


    Quote Originally Posted by Swordsmyth View Post
    Without independence you can't have liberty and you can't have independence without the means to produce your needs.



    Aside from the direct threat of conquest there is also the fact that allowing the destruction of your economy will create millions of voters that are dependent on government for their needs while impoverishing and thereby disempowering millions more.

    Political power (and therefore liberty) flows out of gun barrels and bank accounts.


    It has been said (and seemingly forgotten) that even if you believe in open borders you can't have them while the welfare state exists and it is just as true that even if you want free trade or something as close to it as possible you can't have it while the regulatory state exists.

    Tariffs are also simply the best form of taxation and as much of the cost of the legitimate functions of government should be shifted to them as possible.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  17. #15
    Quote Originally Posted by Swordsmyth View Post
    Their manipulations will come back to bite them.

    Trump's tariffs are just one example.
    And what if that doesn't work? you know the US cannot just give them the Venezuelan treatment and go about saying socialism fails right?
    You can maintain power over people, as long as you give them something. Rob a man of everything, and that man will no longer be in your power. Aleksandr Solzhenitsyn

    Quote Originally Posted by LibertyEagle View Post
    Trust principles; not people.
    My Che avatar is my unique way of giving a big middle finger to the, the neocons, the globalists, imperialists and most importantly to the left and right political establishment who hate his guts till this day. My admiration for him ends where his anti imperialist pro communism ideology starts.

  18. #16
    Quote Originally Posted by juleswin View Post
    And what if that doesn't work? you know the US cannot just give them the Venezuelan treatment and go about saying socialism fails right?
    Their own policies will destroy them.

    Read this thread if you want to be educated about it:

    Charting China's Imminent Implosion

    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



  19. Remove this section of ads by registering.
  20. #17
    I do not shop there and could care less but I know for a fact if they are raising prices they are doing so simply to pad profits . Walmart does not absorb price increases if there are any , they force the vendors to eat it .
    Do something Danke

  21. #18
    Quote Originally Posted by TheTexan View Post
    We should just ban all imports from China. Their flimsy products are made from communist devil magic and the tears of small children.
    In before Jules denies these accepted facts .
    Do something Danke

  22. #19
    Quote Originally Posted by oyarde View Post
    I do not shop there and could care less but I know for a fact if they are raising prices they are doing so simply to pad profits . Walmart does not absorb price increases if there are any , they force the vendors to eat it .
    And there you have it. "Never let a good crises go to waste."

  23. #20
    Quote Originally Posted by Anti Federalist View Post
    Good.

    Since the days of Nixon, stagnant wages and currency devaluation have been hidden by shoddy imports and cheap $#@! made from Chinesium.

    Just like the shock to the system the new tax code is throwing on people, this is a necessary shot in the arm.
    Didn't vote for Trump last go around. He has my vote in 2020 at this point. Neither of my parents voted for Trump in 2016, or anybody. Like me they didn't give a $#@! about the choices. They, 91 and 88, asked me to drive them to the polls in 2020. They want to vote Trump. As do I. They, like I, are tired of "business as usual," and, well, for good or bad, that is Trump.

  24. #21
    Quote Originally Posted by phill4paul View Post
    And there you have it. "Never let a good crises go to waste."
    The two closest to me are the poster child for bad service , I honestly do not know why people use them . There is nothing in there you can not get as cheap and in some cases much better ( meat ) other places locally . I would also guess your vehicle will be hit in the parking lot at least once per yr if you are a weekly visitor because they seem to be magnets for the least skilled drivers .
    Do something Danke

  25. #22
    Tariffs....or FRN dollar devaluation? There's a reason "Trump" has been meeting regularly with the controlled heads of the major US corps. My bet is coordinating the public spin for dollar devaluation, as the dollar continues to lose global reserve status and infinite printing/exporting inflation ability, and subsequent price inflation that previously was kept under control by exportation of price inflation.

    I've been looking for the last year and still can't find any official evidence, whether statutory, executive order, or otherwise, that directs any agency of the US government to impose tariffs, other than the original "proclamation" (which generally carries no legal weight...recall that the Emancipation Proclamation didn't free slaves....that required the "new and improved" 13th amendment) that imposes steel and aluminum tariffs. I'd think something this important to the narrative of imposing vast tariffs across the world would generate at least an executive order.
    Last edited by devil21; 05-18-2019 at 11:15 AM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks NC Fishing Boat Rentals

  26. #23
    Quote Originally Posted by juleswin View Post
    The communist Chinese are defying all economic laws by thriving under a big govt, centrally planned economy. Call it devil's magic all u want but something is definitely working for them.
    China is one of the poorest places on Earth. The median income is around 600 bucks a month with a low quality of life. They have grown from a low starting point through debt and wage arbitrage which cant last forever. China is not a success story. They have a zillion people and a Communist government who takes a big cut of the pie so the government has a lot of power. For the average person the country is a filthy impoverished hell.

  27. #24
    Quote Originally Posted by TheTexan View Post
    I already buy Made-in-USA only

    Except for last year I bought a chest cooler with built in cup holders and built in speakers.

    Apparently American companies don't make coolers with built in cup holders and speakers.
    Real men would make their own. You aren't going Commie on us, are you?
    *******

    I didn't start out thinking that anti-vax people were fools or impervious to reason, it's from my experience here that I now think that.
    - AmyPi 2014 (RIP)

    Anti-vaxxers, responsible for a 30 percent uptick in totally preventable diseases in the world, have blood on their hands. They shouldn't be considered civilized members of society. If they refuse to listen to a century of scientific studies confirming time and time again that vaccination is an unquestionable good for humanity, then it's time for us to start treating anti-vaxxers as what they are: dangerous and worthy of shame and condemnation. If we can't convince anti-vaxxers to change their minds, we must attach enough social stigma to the delusion that agnostics cease to join them.



  28. Remove this section of ads by registering.
  29. #25
    Quote Originally Posted by phill4paul View Post
    LOL. Let me bold the pertinent points...

    Meaning they are not sure. And they will do everything they can to make China eat the import fees.
    Yep, this is nothing more than a political statement. He doesn’t know if the price has increased on a single item.

    However, increased tariffs will lead to increased prices, we believe, for our customers." Walmart chief financial officer Brett Biggs told reporters
    Do the Chinese give Brett his talking points?

    Twitter: B4Liberty@USAB4L
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
    They are what they hate.” - B4L


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  30. #26
    "Walmart Chief Financial Officer Brett Biggs said in an interview that higher tariffs will result in increased prices for consumers. He said the company will seek to ease the pain, in part by trying to obtain products from different countries and working with suppliers’ “costs structures to manage higher tariffs.”

    https://www.newsmax.com/finance/comp.../16/id/916225/

  31. #27
    Quote Originally Posted by juleswin View Post
    Only people with magical thinking believe u can raise the cost of doing business without affecting the price consumers pay for it. Some liberals believe this but people with fundamental understanding of economics laugh at those people.
    We call those sort of magical rubes, Trumpkins. Just point at them, and laugh.
    Quote Originally Posted by Swordsmyth View Post
    You only show up to attack Trump when he is wrong
    DACA S**thole Dreamers - Make America Great Again?

  32. #28
    Quote Originally Posted by Krugminator2 View Post
    China is one of the poorest places on Earth. The median income is around 600 bucks a month with a low quality of life. They have grown from a low starting point through debt and wage arbitrage which cant last forever. China is not a success story. They have a zillion people and a Communist government who takes a big cut of the pie so the government has a lot of power. For the average person the country is a filthy impoverished hell.
    I really don't know enough the argue numbers but I seriously doubt its anywhere close to the poorest place on earth, yea its no San Francisco but China is indeed a prosperous nation. Also its not really about where they are not but where the trajectory points to. And to that, I see China heading straight up at record speed and the US stagnating.

    I will be convinced otherwise when I start seeing them decline
    You can maintain power over people, as long as you give them something. Rob a man of everything, and that man will no longer be in your power. Aleksandr Solzhenitsyn

    Quote Originally Posted by LibertyEagle View Post
    Trust principles; not people.
    My Che avatar is my unique way of giving a big middle finger to the, the neocons, the globalists, imperialists and most importantly to the left and right political establishment who hate his guts till this day. My admiration for him ends where his anti imperialist pro communism ideology starts.

  33. #29
    Quote Originally Posted by RonZeplin View Post
    We call those sort of magical rubes, Trumpkins. Just point at them, and laugh.
    I tried that but I don't think they are able to understand that the joke is on them. I have figured out that it is very difficult/ close to impossible to make fun of an ignorant person because after you are done describing to them why the joke is funny, its no longer funny.
    You can maintain power over people, as long as you give them something. Rob a man of everything, and that man will no longer be in your power. Aleksandr Solzhenitsyn

    Quote Originally Posted by LibertyEagle View Post
    Trust principles; not people.
    My Che avatar is my unique way of giving a big middle finger to the, the neocons, the globalists, imperialists and most importantly to the left and right political establishment who hate his guts till this day. My admiration for him ends where his anti imperialist pro communism ideology starts.

  34. #30
    Quote Originally Posted by Brian4Liberty View Post
    Yep, this is nothing more than a political statement. He doesn’t know if the price has increased on a single item.



    Do the Chinese give Brett his talking points?
    Think of it this way, fundamental of economics say that if you increase the cost of doing business, that will likely lead to increase in price.This is actually all you need to know to confidently say that tariffs would lead to price increases. I know some of you think Walmart or the Chinese would eat all this extra cost but reality says that they wouldn't. They might absorb a small portion of the new taxes but consumers will most likely pay bulk of it.

    This is the same idea that allows people like Ron Paul to predict that prices are going to rise when one increases minimum wage. He might not know the exact time prices will increase but rather that it will increase to balance out their operating cost. This is not a conspiracy against Trump.
    You can maintain power over people, as long as you give them something. Rob a man of everything, and that man will no longer be in your power. Aleksandr Solzhenitsyn

    Quote Originally Posted by LibertyEagle View Post
    Trust principles; not people.
    My Che avatar is my unique way of giving a big middle finger to the, the neocons, the globalists, imperialists and most importantly to the left and right political establishment who hate his guts till this day. My admiration for him ends where his anti imperialist pro communism ideology starts.

Page 1 of 2 12 LastLast


Similar Threads

  1. Replies: 2
    Last Post: 11-26-2018, 05:23 PM
  2. Trump touts falling aluminum prices after tariffs
    By Swordsmyth in forum U.S. Political News
    Replies: 112
    Last Post: 06-06-2018, 08:57 PM
  3. Replies: 23
    Last Post: 06-23-2014, 11:44 PM
  4. Replies: 47
    Last Post: 05-01-2014, 12:59 AM
  5. Walmart quietly lowers prices.
    By YumYum in forum U.S. Political News
    Replies: 3
    Last Post: 08-17-2010, 08:54 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •