fukhueson@lemmy.world to

News@lemmy.world · 1 month ago

Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will

cross-posted to:
politics@lemmy.world

634

Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will

fukhueson@lemmy.world to

News@lemmy.world · 1 month ago

cross-posted to:
politics@lemmy.world

Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.

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el_bhm@lemm.ee
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1 month ago
They are also super easy to explain. It is a tax. That is increasing yet another tax - vat.
- pfwood178@sh.itjust.works
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  1 month ago
  USA doesn’t have VAT
  - el_bhm@lemm.ee
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    1 month ago
    Cool. Sales tax then. Almost the same thing. Consumer pays it.

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