Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.
  • fatboy93@lemm.ee
    2·
    2 hours ago

    Welp,time to trade my cheaply made Chinese shit to expensively made cheap american shit.

  • ikidd@lemmy.worldEnglish
    11·
    5 hours ago

    Oh, I thought he was fixing inflation!

    Wow, what a shocker! Who could have predicted how that turned out?

  • archonet@lemy.lolEnglish
    10·
    6 hours ago

    So nice of them to say this after the orange fuck was elected. Heaven forbid they tell their customers that when their customers could actually do something about it.

    • acrayclay@lemmy.world
      111·
      6 hours ago

      What incentive do they have to tell people that ahead of time? Instead of propping up the prices by 10% to deal with the tariff they can increase it by 20% and pocket the extra, then blame it on China. Worked during the Covid inflation, why wouldn’t it work now?

      • archonet@lemy.lolEnglish
        2·
        4 hours ago

        Oh I know they have none. I just love that they’re saying it at all – being silent on the matter until said tariffs come to pass would have at least given them the “duhhhh we’re dumb too we didn’t know that either, oh well” excuse.

  • Lucidlethargy@sh.itjust.works
    9·
    6 hours ago

    Don’t worry, at least Americans are, on average, in possession of endless piles of extra money after the last decade. Elon says it’s time for all of us to tighten our belts. We’re just so fat with all that money we’ve all been saving!

    I’m so glad he and the other rich chucklefucks trickled so hard on us.

  • brucethemoose@lemmy.world
    53·
    12 hours ago

    It doesn’t even matter:

    https://www.axios.com/2024/11/18/consumer-confidence-trump-republicans-white-house

    Turns out, a lot of consumer mood is literally just people’s social media feeds. Even if prices go up and QoL goes down, on average, consumers might feel better simply because Trump being in office makes them feel good.

    I am not going to point out how monumentally problematic this is… Nope. There’s definitely no bad precedent for that.

  • JaggedRobotPubes@lemmy.worldEnglish
    13·
    10 hours ago

    Trump almost has it. If he can just be a slightly bigger ass on a slightly bigger stage, then he’ll be happy.

    Musn’t give up too soon.

    • Jode@midwest.socialEnglish
      5·
      7 hours ago

      I’m sitting here waiting for black Friday deals on lifep04 batteries for my solar setup. Fuck knows those are going to double in price when ding dong gets his hands on the levers.

    • Revan343@lemmy.ca
      6·
      10 hours ago

      Meanwhile, in Canada, I’ve been meaning to build a raid 6 with 4TB drives. With any luck, as imports into your country drop, prices in my country will drop as well

      • Default_Defect@midwest.socialEnglish
        5·
        11 hours ago

        I just upgraded my GPU even though I wanted to wait until the new stuff drops, but I can’t risk getting boned by tariffs and/or scalpers.

  • yarr@feddit.nlEnglish
    14·
    12 hours ago

    Folks, listen closely, okay? Nobody understands tariffs better than me. Believe me, they’re tremendous, tremendous tariffs. And now Walmart – yes, Walmart, great company, big stores, huge – they’re telling you that YOU, the great American people, will be paying for these tariffs. And you know what? That’s fantastic news. Incredible. Let me tell you why.

    First, it’s about sacrifice. The greatest country in the world doesn’t rise without its amazing, hardworking patriots chipping in a little bit more. And trust me, when you pay a little extra at Walmart for your cheap, uh, Made-in-China toasters, you’re not just buying a toaster. You’re buying FREEDOM, folks. You’re sticking it to the Chinese economy. No one else could get that deal done, okay? Only me.

    Second, we’re BUILDING here, okay? When American families dig a little deeper into their pockets, that’s money going back into our economy. It’s like… MAGA economics, so smart you wouldn’t believe it. All of a sudden, Americans will say, “Hey, why am I buying Chinese stuff? Let’s buy American!” And BOOM – jobs. Factories humming. Steel, coal, maybe even wood, I don’t know. Beautiful stuff.

    Third, let’s talk winning. When we pay these tariffs – our tariffs – we’re showing the world who’s boss. China thinks they’re so smart. So clever. Well, joke’s on them. We’re so good at tariffs, we’re making YOU pay them instead of them. Genius move, right? They won’t even know what hit them. Tremendous strategy. They’re probably shaking in Beijing.

    And look, folks, I hear you. “But sir, sir, what about the prices?” And I say this: are you willing to pay a little more at Walmart to make America the GREATEST it’s ever been? I think you are. And if you’re not, then maybe you like China too much. Sad!

    So remember, every time you spend a little extra at Walmart – and it’s a GREAT store, by the way, I love it, fantastic – just think of it as making a donation to America. To freedom. To ME – your favorite president – who is bringing the best tariffs, the best deals, and the best America you’ve ever seen.

    God bless tariffs. God bless Walmart. And God bless the United States of America. MAGA!