Companies warn Trump trade war is about to hit consumers

[Yo_Mama_Been_Loggin]

U.S. companies are speaking out against President Trump's escalating trade war with China, with major players such as Walmart saying tariffs are forcing them to raise prices on consumer goods for Americans.

The price hikes could complicate things for Trump as the 2020 campaign picks up. The president has repeatedly asserted that China, and not U.S. consumers, would pay the price of the trade war.

“There are some places where, as we get tariffs, we will take prices up,” Walmart Chief Financial Officer Brett Biggs said Thursday in an earnings call.

Macy’s CEO Jeff Gennette issued a similar warning, saying another round of tariffs would almost certainly hit consumers in their pocketbooks.

https://thehill.com/policy/finance/trade/444352-companies-warn-trump-trade-war-about-to-hit-consumers?userid=229233

If only he'd listen. I pretty much doubt he will.

[50 Shades Of Blue]

1. I think Trump will back down. He'll just claim China is paying the tariffs.

[no_hypocrisy]

2. Instead of Dollar Stores, there will be Two Dollar Stores.

[Chin music]

3. Walmarts been jacking prices across the board since he was elected.

Walmart needs to eat the tariffs. Not everything is to be remedied (for your profits) by "passing things on to the consumer>"