Article

2024-11-27 Economy

Walmart likely to raise prices if Trump enforces tariffs, CFO says

[Washington Examiner] Walmart has signaled price hikes should be expected if President-elect Donald Trump makes good on his plan to implement a broad tariff regime.

The retailer’s CFO John David Rainey said the company would likely have to raise its prices, which is against its model and wishes.

"We never want to raise prices," he told CNBC. "Our model is everyday low prices. But there probably will be cases where prices will go up for consumers."
"More expensive cheap Chinese crap you don't need"
Rainey added that it’s too early to determine which products could cost more due to the tariffs.

Posted by Besoeker 2024-11-27 06:30|| || Front Page|| [11131 views ] Top

#1 There was a time when the late Sam Walton took pride in stocking American made merchandise.

Posted by Besoeker 2024-11-27 06:35|| 2024-11-27 06:35|| Front Page Top

#2 Prices will also rise if tariffs are not enacted.

Posted by Glenmore 2024-11-27 08:02|| 2024-11-27 08:02|| Front Page Top

#3 There was a time when the late Sam Walton took pride in stocking American made merchandise.

There was a time when all kind of staff (and I'm not talking about American Toyota) was made in USA.

Posted by Grom the Reflective 2024-11-27 08:45|| 2024-11-27 08:45|| Front Page Top

#4 If gasoline prices go down 30 cents people won't much notice the increment in retail.

USA field production of crude is now about 13M barrels per day. Get it up to 15M bpd (need at least a year for this) and I think this kind of drop in gas prices will follow.

Posted by Lord Garth 2024-11-27 09:46|| 2024-11-27 09:46|| Front Page Top

#5 Much of the economy hinges on crude oil and gas production. Orange Man and his people are accutely awre of the fact.

Posted by Besoeker 2024-11-27 09:56|| 2024-11-27 09:56|| Front Page Top

#6 That is what happens when you import a bunch of cheap Chinese shit.

Posted by DarthVader 2024-11-27 10:18|| 2024-11-27 10:18|| Front Page Top

#7 Much of the economy hinges on crude oil and gas production.

See Landman Rant

Posted by Skidmark 2024-11-27 12:40|| 2024-11-27 12:40|| Front Page Top

21:09 Airandee
20:42 Woodrow
20:19 swksvolFF
20:17 swksvolFF
18:46 Grom the Affective
18:40 DooDahMan
18:34 Frank G
18:25 Frank G
18:22 Grom the Affective
18:11 trailing wife
18:06 Hellfish
17:49 Grom the Affective
17:19 Abu Uluque
17:04 Abu Uluque
17:02 swksvolFF
16:48 Grom the Affective
16:46 Grom the Affective
16:46 Mullah Richard
16:05 swksvolFF
15:26 Procopius2k
15:23 NN2N1
14:59 Pancho Poodle8452
14:52 Rambler
14:51 Grom the Affective