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Walmart is where the trade war comes home

HenryChinaski

HenryChinaski

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https://money.cnn.com/2018/09/19/news/companies/walmart-tariffs-trump-china/index.html
Two weeks ago, Walmart asked the Trump administration to walk back its plan to put tariffs on Christmas lights, shampoo, dog food, luggage, mattresses, handbags, backpacks, vacuum cleaners, bicycles, cooking grills, cable cords and air conditioners.
In a letter to US Trade Representative Robert Lighthizer, the company said expanded tariffs on Chinese imports would hurt its customers, its suppliers and the US economy.
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Other retailers and consumer goods companies, including Ace Hardware and Joann fabric and craft stores, also lobbied the administration.

Target (TGT) said the tariffs will "hurt American consumers," and said working families will pay more for school and college essentials like notebooks, calculators, binders and desks.
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Target and Walmart will now face a tough choice: They can absorb the higher costs from tariffs by taking a hit to their profit margins, or they can pass some of the price increases on to their customers.

"Either consumers will pay more, suppliers will receive less, retail margins will be lower, or consumers will buy fewer products or forego purchases altogether," Walmart warned in its letter.

The National Retail Federation, a trade group, estimated that a 25% tariff on furniture would cost Americans $4.5 billion more per year, while a 25% levy on travel items like luggage and handbags would cost an additional $1.2 billion.
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I can't take all of this winning. I do find it hysterical that Trump has convinced his base that he's the "working class president" for the little guy. :lol:
 
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Welcome to tariffs, higher costs for products and services hurting the most economically vulnerable.

Thanks Trump!
 
OrphanSlug said:
Welcome to tariffs, higher costs for products and services hurting the most economically vulnerable.

Thanks Trump!
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And yet, they'll vote for him again cause he's "stickin' it to the libtards n stuff"
 
HenryChinaski said:
https://money.cnn.com/2018/09/19/news/companies/walmart-tariffs-trump-china/index.html I can't take all of this winning. I do find it hysterical that Trump has convinced his base that he's the "working class president" for the little guy. :lol:
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Labor unions have spent decades drilling it into people's heads that they are the champions of the working class and defenders of the little guy, and that the policies they tout are in line with that mission. On trade, labor unions have been protectionists/economic nationalists.

Everything Trump is doing re: trade policy is in line with what labor unions have been clamoring for for decades. This makes convincing people he's "the working class President" very easy. The groundwork was already laid for him by labor bosses for the last 30 years.
 
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Anyone care to post a graph of the margin on the majority of these companies products?

Looks to me like they will have to up their prices to maintain those margins...which, of course, makes smaller entities (mom and pops) more competitive.


Why do you guys hate small businesses?
 
KevinKohler said:
Anyone care to post a graph of the margin on the majority of these companies products?

Looks to me like they will have to up their prices to maintain those margins...which, of course, makes smaller entities (mom and pops) more competitive.


Why do you guys hate small businesses?
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Now you think you can dictate the margins these major companies set?
 
KevinKohler said:
Anyone care to post a graph of the margin on the majority of these companies products?

Looks to me like they will have to up their prices to maintain those margins...which, of course, makes smaller entities (mom and pops) more competitive.


Why do you guys hate small businesses?
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How will it make mom and pop more competitive, all their crap comes from China too
 
KevinKohler said:
Anyone care to post a graph of the margin on the majority of these companies products?

Looks to me like they will have to up their prices to maintain those margins...which, of course, makes smaller entities (mom and pops) more competitive.


Why do you guys hate small businesses?
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This is one of the most circular logic examples I've seen. Comon, you can't be serious here?
 
Crovax said:
How will it make mom and pop more competitive, all their crap comes from China too
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True, but mom and pops are used to lower margins. Hinge, my first sentence in my post. In addition, increased cost of made in China crap will increase demand for more locally sourced crap. When locally sourced crap is readily available, the mom and pops will be able to start carrying it long before the targets and walmarts of world can.
 
Chomsky said:
This is one of the most circular logic examples I've seen. Comon, you can't be serious here?
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What I can't believe is that now liberals are rushing to the defense of Walmart, lol. Weren't they the ultimate evil, just a year or two ago?
 
Many of us have said all along that Trump will hurt his base more than anything. This is just more proof of that. 69% of Walmart shoppers identify as Republicans.

Wish they could have seen this before, but it's not like we didn't tell them, over and over.
 
OrphanSlug said:
Now you think you can dictate the margins these major companies set?
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Let's be real...that's the source of income inequality. Pay has remained stagnant, while corporate margins are flying to the moon.

And yet, instead of attacking the company for increasing prices despite knowing that this has been going on since the 80s, and got a huge dose of speed in 2008, rather than simply settling back for a meager 300% increase for a few years...you're attacking Trump and his "trade war"?


Strange times.
 
HenryChinaski said:
https://money.cnn.com/2018/09/19/news/companies/walmart-tariffs-trump-china/index.html I can't take all of this winning. I do find it hysterical that Trump has convinced his base that he's the "working class president" for the little guy. :lol:
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:lamo I've been saying this since day one and getting called an idiot by our Trump supporting friends here. I'm not gonna say this feels good, as a lot of people are going to get hurt by this, including a good chunk of Tump's base...ya, I'm not gonna say it... ;)
 
HenryChinaski said:
And yet, they'll vote for him again cause he's "stickin' it to the libtards n stuff"
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They'll always be able to justify it because 'crooked murdering Hillary!' :roll:
 
KevinKohler said:
What I can't believe is that now liberals are rushing to the defense of Walmart, lol. Weren't they the ultimate evil, just a year or two ago?
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I can't speak to liberal stereotypes, but I can say the logic in your previous post was a bit ... lacking.
 
HenryChinaski said:
And yet, they'll vote for him again cause he's "stickin' it to the libtards n stuff"
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of course we are going to vote for trump. hes a real leader. unlike our last apology-in-chief lol (laugh out loud)
 
KevinKohler said:
What I can't believe is that now liberals are rushing to the defense of Walmart, lol. Weren't they the ultimate evil, just a year or two ago?
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I'm not defending Walmart, I don't shop there. I'm kickin' back and laughing over how he's ****ing his base whom many do shop there and all the while they keep asking for more. :lol:
 
Chomsky said:
I can't speak to liberal stereotypes, but I can say the logic in your previous post was a bit ... lacking.
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Did you read my others?


Why blame increased prices on tariffs, when the company selling those products posts record setting profit margins year after year? That same company that won't pay their employees enough to live, so they sustain themselves with government subsidies?

It's like....you guys are republicans now, lol.
 
HenryChinaski said:
I'm not defending Walmart, I don't shop there. I'm kickin' back and laughing over how he's ****ing his base whom many do shop there and all the while they keep asking for more. :lol:
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Average Walmart shopper (around here, anyway) is an EBT customer.

Can't fathom there are too many of them who voted Trump.
 
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