"Reports that Walmart will raise prices because of the tariffs have Trump officials panicking. Walmart is the largest retailer in the United States, with a 2023 retail revenue of $534 billion. Higher prices there will hurt poorer Americans, particularly those in rural areas, the demographic most likely to have supported Trump in the past."
~ Heather Cox Richardson
#Trump #tariffs #Walmart #economy #prices
/1
heathercoxrichardson.substack.…
May 19, 2025
The House Rules Committee will take up the Republicans’ omnibus bill this week.Heather Cox Richardson (Letters from an American)
William Lindsey
in reply to William Lindsey • • •"This, just as cuts to funding for food programs by the U.S. Department of Agriculture in March—programs started during Trump’s first term—have slashed the amount of food available to food banks. A USDA spokesperson said in a statement: 'There is no need for new programs, but perhaps more efficient and effective use of current.'
So Republicans today continued their campaign to pressure Walmart into, as Trump put it 'eating' the tariff costs."
#Trump #tariffs #Walmart #economy #prices
/2
William Lindsey
in reply to William Lindsey • • •"Trump really lashed out and basically said that he felt like Walmart was a profitable company. Yes, prices would rise because of tariffs—that was implicit in his tweet—but they shouldn’t pass them along. They should 'eat' them. It was really a smoking gun that Trump is actually crystal clear on who pays the price of his tariffs."
~ Lindsay Owens
#Trump #tariffs #Walmart #economy #prices
/3
newrepublic.com/article/195460…
Trump’s Angry Walmart Tirade Backfires, Wrecking His Own Tariff Scam
The New RepublicWilliam Lindsey
in reply to William Lindsey • • •"Walmart, while profitable, can’t actually afford to EAT THE TARIFFS. (Weren’t the Chinese supposed to do that?) So what will Walmart and other companies do if Trump’s tariffs are way up but they’re afraid to risk Trump’s ire by increasing prices?
Hello, empty shelves."
~ Paul Krugman
#Trump #tariffs #Walmart #economy #prices
/4
paulkrugman.substack.com/p/how…
How Trump Will Make the Tariff Shock Worse
Paul KrugmanWilliam Lindsey
in reply to William Lindsey • • •"Tariffs are, even now, raising prices for everyone: on retail goods at stores like Walmart; on steel that goes into building cars; on lumber used to build houses; and on electronics that you buy to listen to music and podcasts and watch Fox News.
How much will Trump’s trade wars cost an average household? More than $2,300 a year, according to a new estimate from the Yale Budget Lab."
~ Jeff Nesbit
#Trump #tariffs #Walmart #economy #prices
/5
contrarian.substack.com/p/dont…
Don't lose sight of the pain Trump is passing on to American consumers
The Contrarianmattg
in reply to William Lindsey • • •William Lindsey
in reply to mattg • • •Anthony David
in reply to William Lindsey • • •PKs Powerfromspace1
in reply to William Lindsey • • •RalfMaximus
in reply to William Lindsey • • •> Trump is actually crystal clear on who pays the price of his tariffs
He is NOW. Back in January/February 2025 he "knew" tariffs were paid for by the country of origin. Because he's an idiot.
But somebody in his circle he trusts confronted him with facts and now he's terrified everybody will see how stupidly wrong he was. That's why he bullied Jeff Bezos, and why he's trying to bully Walmart.
skua
in reply to William Lindsey • • •