Walmart is preparing to raise prices if Trump delivers on his tariffs promises.
- Thread starter THE_DEVIL
- Start date
the important thing is will the price of eggs come down?
Well if the didnt get so many products from overseas it wouldnt matter. 70-80% based on a quick Google search.
Buy made in USA things that employ US workers under US rules and regs.
Buy made in USA things that employ US workers under US rules and regs.
But, but…..” free trade”! NAFTA!! The backbone of Republicanism when I was growing up in the 70’s and 80’s! Justify these polar opposites for me Gus.
Oh the irony relative to so many Trump-sold items through the years.
I am a free trade fair trade guy as well. But this trade isnt free. First off they steal intellectual property on the regular and have refused, despite calls from Presidents of both parties, to stop. They also are our enemy. Probably our biggest enemy of you are considering the threat they pose.
Russia? Sure, but they are weak. They can't even beat Ukraine.
Iran? Yes, but again, threating or interests and our allies but I also think that if push came to shove wed wipe them out in less than a month. Their own people would rise up with us.
North Korea? Meh.
Now China has formidable size and economic power that the other three don't have and a military that is really the only one on Earth that rivals ours.
So, yes, I am for tariffs. Not just because it brings US jobs. But because it will lessen our addiction to cheap Chinese junk that comes from abuse of their citizens to manufacture, and it inject capital into their economy and supports the government and its military.
Additionally, anytime tariffs can be used to keep a critical industry here from failing under the weight of cheap products made elsewhere its a win. Like US steel for example. We cannot have our steel industry fail as if we did need to involve ourselves in a serious world conflict on the scale of WW2 for example. We need to have a robust steel manufacturing infrastructure to call upon. If US Steel has to shut down due to inability to compete with countries we import from, this is a problem.
I agree. Buy and manufacture in the USA should be a mantra and a practice. I am certainly disappointed in any one that manufactures things there they intend to sell here. Particularly our President.
Practice what you preach for sure.
I could do better on a personal level as well I am certain.
I dont even know who Adam Smith is. Sorry.
OMG you are wrong on so many levels here, but to start with, do you know who owns US Steel?
You do realize China is just capitalizing on America’s addiction for want. Please tell me you understand that.
The end result here will be another trade war.
Farming Assns are already planning their strategy of begging for subsidies to compensate.
Tariffs are inflationary and we're headed back to the same old shit that Jerome Powell just battled against.
Farming Assns are already planning their strategy of begging for subsidies to compensate.
Tariffs are inflationary and we're headed back to the same old shit that Jerome Powell just battled against.
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Wait a minute, I thought Walmart was evil for putting mom & pop stores out of business. Won't Trump's tariffs make locally owned stores more competitive and keep dollars in the community?
You can do that already and pay more now.
You think and pop stores would not raise prices even more than Walmart to make a go of it? Or do mom and pop stores who could not previously compete now have a secret source of cheap American goods that Walmart doesn’t have access to?
I think we just need to let this play out a bit. I'm not a fan of outright tariffs, as they will certainly raise consumer prices, but...
I also hadn't considered them as a negotiating tactic. e.g. to avoid tariffs, China could drop the massive tariffs they currently put on US automobiles, which could open up a massive new opportunity for manufacturers in the US without impact the price of cheaply made Chinese toys at Walmart...
So I'm taking a wait and see approach. I'm certain whatever happens is going to be more beneficial to America than anything Kamala would have done regarding China/trade.
I also hadn't considered them as a negotiating tactic. e.g. to avoid tariffs, China could drop the massive tariffs they currently put on US automobiles, which could open up a massive new opportunity for manufacturers in the US without impact the price of cheaply made Chinese toys at Walmart...
So I'm taking a wait and see approach. I'm certain whatever happens is going to be more beneficial to America than anything Kamala would have done regarding China/trade.
That's not how businesses work.
Walmart does have access to cheap goods that the mom and pop store does not. By making those cheap goods more expensive to Walmart, you are helping American manufacturers compete at the wholesale level, and you are helping the mom and pop store compete at the retail level by narrowing the price gap. If that poorly made Chinese product at Walmart is only a little bit cheaper than the higher-quality but more expensive American made product at Bill's Hardware, people are more likely to buy American.
There will still be people looking to buy the cheapest option, but if the price gap is smaller, it helps the American manufacturer and the local retailer. Even if we're talking about similar quality items, it helps.
hawkeyetraveler
HB Heisman
There is a lot in here that is factually correct, but it ignores the consequences of the action.
You are right about China being the largest threat. But you have to consider what happens when we implement the tariffs without the infrastructure and capability to replace the goods you are taxing. The real discussion here is do we want a full-on economic war with China and are we as a country prepared to pay the price for that war?
One could say yes, voters absolutely voted for 60% tariffs on all Chinese made goods (and 20% on all other imports by the way). But one could also say no, consumers voted for Trump’s promise of lower prices. These two are not in alignment. If you push tariffs you get higher prices. Full stop.
And then you have to consider the timeline to replace the goods made in China. This would take many years unless there was major government intervention (i.e. invoke the defense production act). We lack four things to make this happen in a timely fashion
- Industrial real estate: more manufacturing and warehousing. This ain’t cheap and it isn’t present today. It is a multi year process to build
- Manufacturing equipment: robotics, machinery, etc.
- Skilled labor
- Established supply chain for all the raw materials, intermediate goods, etc.
Yep. Trump ran on cheap stuff. Now were getting even more expensive stuff. Trump lying to everybody while making us poorer is definitely the way to go.
You think bill’s hardware doesn’t generally sell the same stuff Walmart does? Walmart through its volume commands lower prices than bill does. Walmart has economies of scale that bill does not have. Bill still gets crushed and you pay more. The end.
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Also incredibly inflationary. I thought that was the problem?
It’s not going to be as simple as flipping a switch and moving jobs back. Many industries can’t get the labor force they need in the US. Then you have the costs of building new facilities. If you don’t have the labor market it doesn’t make any sense to invest in a new factory.
You are crossing wires on all our shit saying "made in china" and "nafta"......
Gonna be a good Wednesday.
That sounds great, but people voted for lower prices, not a return to Main Street.
I for one will start buying coffee makers and televisions etc that are American made. After all, there's SO many options to choose from!
Can't wait to get one of those Zenith OLED sets in my living room, made right here in America at Chicago IL!
Can't wait to get one of those Zenith OLED sets in my living room, made right here in America at Chicago IL!
Have you asked yourself why businesses buy from overseas manufacturers? Is their goal to maximize profits?
Good lord, you aren’t very bright
I'll never forget the time you tried to say Tim Walz was an above average intelligence individual. Much EL OH EL.
He is. He definitely is compared to the governor of my home state.
* I actually don't care about the question I asked.
I'm sure he is a good dude in person.
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Weird flex ragging on somebody's retirement portfolio when majority of Americans are in the same boat.
Sorry to hear that.
Most Americans are not held as a Pilar of what we should strive to be like. When the vice president candidate cannot afford to retire, after golding multiple incomes for several years, you have to question their strategies.
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