The free market is when the president tells companies what prices they should set.
Totally not executive overreach
I’m against a free market.
I think the market should be chained to benefit society from the bottom up if they want to profit at all.
Donnie is also against a free market, he wants it to serve himself exclusively, which is kind of hilarious since the most selfish class of all is under attack from his greed.
Why should Walmart have to raise prices? After all, China is paying them. Right??!?!?
Just how that wall was definitely completed and definitely paid for by Mexico… Right?!
This is such a weird and obvious denial of reality. Walmart doesn’t have 30% margins on everything. Does Trump think he can get people to blame Walmart for price increases instead of himself? The Trump crowd loves Walmart.
Obviously this entire situation is insane from many perspectives, but strictly speaking, it’d be 30% added to the cost of acquiring merchandise, rather than the overall margin. The price of goods is a small fraction of Walmart’s overall expenses, compared to logistics and freight, labor, real estate, shrink and such. The actual impact to margins is probably more like 10% or so. Which is simultaneously both something Walmart could probably eat, and more than the Walton family is willing to swallow.
And it would be a shame to waste such a good opportunity to raise prices by 30% anyway and go “shucks, tariffs”.
Technically they probably could for a long time. But that might mean that some of the family members might demote themselves to multimillionaires instead of multibillionaires .
I think eating the tariff would take that family from being multi billionaires and will leave them as multi billionaires
Walmart tells customers to eat the tariffs.
Donald only telling this to Walmart cause his sheep people only shop there?
Trump is such a fucking moron.
Raising prices is literally the point of tariffs. If the prices don’t go up, they serve no purpose, whether that is to encourage the purchase of alternative products or to farm money from tariff fees (because if the company can’t raise prices they just won’t sell tariffed items). Dumb. Dumb dumb.
Saw some empty gaps on shelves similar to COVID at our walmart this weekend. I don’t remember what was there so it isn’t anything I need. Yet.
On a separate note. Thats a nice looking Walmart.
I guess you enjoy the “side of the road motel” style
Certainly better than generic grey box
deleted by creator
I know this will get downvoted for not shitting on trump in some way but this sounds like hes telling walmart’s corporate board members to take the revenue loss at their own expense without passing the cost increase to their customers. If Bernie said this it would get a standing ovation. Fuck everything else Trump tho.
That’s not a fair comparison, because Trump created the tariffs. If Bernie has instituted tariffs, there would be a purpose and a plan. Trump doesn’t have a plan, or whatever his plan was it isn’t going the way he wanted. He wants the Waltons to eat the loss to make his plan look better. It has nothing to do with income inequality or wealth redistribution. It’s ego. Trump took a steamy wet shit on the carpet and he wants the rest of the world to clean it up.
Trump doesn’t have a plan.
But the people running Trump do, and they are not stupid. These tariffs must indirectly benefit them.
They don’t. They’ve said they really don’t. What it DOES do is increase the instability of the market, and a lot of the people behind Trump stand to profit if they can pick up the pieces after a financial collapse, just like what happened in 08, just like what happened in 2020.
Dunno. Project 2025 seems pretty organised, and that’s the public part of the plan. Financial collapse must be part of their secret plan.
Bernie would have arrived with a plan, at at least something better than a concept of a plan. Assuming he decided to put tariffs on China, he probably would have raised tariffs slowly, announcing everything clearly in advance. So the market has time to spin up alternatives instead of sudden shocks causing inflation.
I know everyone’s jumping on this, but Trump yelling “EAT THE TARIFFS”, in addition to being meaningless, is also quite in-line with the neolib/neoconservative presumption that companies will do the right thing for people.
Bernie’s platform of Medicare for All, a $15 living wage, covering eye care and dental under Medicare… those all would be written into law. Encouraging Walmart to eat the tariffs is like trusting a corpo to pay workers a living wage.
Not gonna applaude someone for asking a hospital to foot the bill for people they just shot.
You honestly think that if Bernie imposed tarrifs on China, and then told Walmart to eat the costs people would cheer?
And that’s stupid. Where does he get off setting prices. Is this Russia. He fucked it up now his way of “fixing” it is to tell them to stop doing that. If he had a brain like Bernie he’d have come up with some legislation to promote American businesses instead of just trying to tax everyone.
Weird he’s telling them to tank their stock. That said, also crazy what the stock has done since last April.
