Panicked Trump Lashes Walmart for Telling Truth on Tariffs

[SunnyinBangrak]

35 minutes ago, CallumWK said:

 

 

Like I said, no clue about economics. Gross profits is before overheads, like there are operating costs, taxes......and tariffs

If you don't understand who pays tariffs, which clearly you don't, feel free to ask one of the economic literate posters on the forum. 

[MicroB]

Tariffs are paid by the importer, which might be a subsidiary of an exporting company, or, and more commonly, the appointed distributor. Tariffs are paid ad valorem; based on the value of the goods. Essentially, the tariffs is paid on the final selling price. When a distributor imports goods, typically they buy for a sell-in price and sell for a sell out price, with their margin based on a percentage of the difference.

 

Walmart owns no factories in China. Most of their Chinese goods are directly imported based on a Sale-In Price. Payable tariff is calculated based on Sell Out prices. Tariffs will not trigger force majeure. Walmart operates on quite small margins when you look at that recent 10-k.

 

I'm sure the kids will love the Corn Dollies and Sticks for Christmas.

[bendejo]

Waiting for his attempts to re-educate the world in math.  E.g. "5 is less than 2, 10 is less than 3..." and so on.  Possibly a new such lesson every day to steer whatever numbers he decides at that moment.  I have no doubts that he will try such things, the test will be if that 35% of the population that deifies his yammering.  "Prices are up but it is making America great again."  Oh, ok.

 

[NoDisplayName]

5 hours ago, BLMFem said:

Donald Trump lashed out at Walmart over its price hikes, telling the retail giant to “eat the tariffs.

 

Trump just told the fourth-largest employer in the world  (China's PLA is #3), and the largest private employer in the US, second only to the US government to suck it.

 

Will he sign an executive order to require retailers price their goods using Trump math? 

 

3% profit margin - 30% tariff = Winning!

 

Or will Walmarts across the land start putting up truth in tariffing labels on their products?

 

Everyday Low Price:   $13

Trump Tariff Price:     $20

 

 

 

[CallumWK]

1 hour ago, SunnyinBangrak said:

2 hours ago, CallumWK said:

 

 

Like I said, no clue about economics. Gross profits is before overheads, like there are operating costs, taxes......and tariffs

If you don't understand who pays tariffs, which clearly you don't, feel free to ask one of the economic literate posters on the forum. 

Obviously not you then, because tariffs are paid by the end user, also called the customer.
 

[it is what it is]

 

but, but, but... i thought the exporter paid the tariff? so what's it got to do with walmart? if tariffs paid by exporter no increase in walmart's prices, right?! or maybe trump, and his (dumb) supporters don;t understand how tariffs work.

[Hamus Yaigh]

11 hours ago, dinsdale said:

Almost $160 billion profit last year.

Someone who doesn't know the difference between revenue and profit and voted for tariffs. Sad and funny at the same time.

[WorriedNoodle]

13 hours ago, BLMFem said:

"Donald Trump lashed out at Walmart over its price hikes, telling the retail giant to “eat the tariffs.”

I thought the narrative was the foreigners eat the tariffs:-)

[metisdead]

A post with unattributed information has been removed as there was no link provided to the source of information and there fore in violation of fair use policy:

 

27. You will not post any copyrighted material except as fair use laws apply (as in the case of news articles). Only post a link, the headline and three sentences from the article. Content in the public domain is limited to the same restrictions.

[sandyf]

13 hours ago, BLMFem said:

Expect the usual inane but but Biden and but but Biden's laptop posts. They're nothing if not predictable, the poor luvs.

https://abcnews.go.com/Politics/former-president-joe-bidens-cancer-diagnosis-gleason-score/story?id=121932715

[fredwiggy]

12 hours ago, GammaGlobulin said:

Americans buy way too much garbage from Walmart.

This is why Americans require McMansions.

 

Nobody needs to buy this much garbage, just to fill up landfills.

What is the point?

 

Better to just DIY whatever you need.

 

Old jelly jars can become drinking glasses, etc.

 

Without Walmart many Americans wouldn't be able to get by. They've always had the best prices and what they sell is much the same things as other retail outlets besides the top end very expensive not worth wasting the money on ones. Being frugal is  necessary, especially in this day and age.

[thesetat]

14 hours ago, BLMFem said:

Trump's inane blanket tariff plan gets a reality check and he's crying like a little girl. It's beautiful to behold.😄

 

Panicked Trump Lashes Walmart for Telling Truth on Tariffs

 

"Donald Trump lashed out at Walmart over its price hikes, telling the retail giant to “eat the tariffs.”  Walmart’s CEO, Doug McMillon, had said during a Thursday earnings call that his company had begun to feel the pain of Trump’s tariffs. Much of Walmart’s stock comes from foreign countries—including China, Mexico, and Vietnam, another executive said. “We will do our best to keep our prices as low as possible,” McMillon said on the call, per CNN. “But given the magnitude of the tariffs, even at the reduced levels announced this week, we aren’t able to absorb all the pressure given the reality of narrow retail margins.”"

Wow! I love how you twist the truth on this one....Those Trump haters have been keeping you busy. Because the story I read was about how Trump attacked Walmart for trying to make the consumers pay the tariff by increasing their prices dramatically. 

Nice twist on your story though, it pulls no weight in reality. 

[thesetat]

8 hours ago, it is what it is said:

 

but, but, but... i thought the exporter paid the tariff? so what's it got to do with walmart? if tariffs paid by exporter no increase in walmart's prices, right?! or maybe trump, and his (dumb) supporters don;t understand how tariffs work.

Or maybe Walmart does not want to cut their billions of profit and instead use the Tariffs to increase that even more. 

Trump warns Walmart against raising prices, tells company to "eat the tariffs"

 

[sandyf]

7 hours ago, it is what it is said:

 

but, but, but... i thought the exporter paid the tariff? so what's it got to do with walmart? if tariffs paid by exporter no increase in walmart's prices, right?! or maybe trump, and his (dumb) supporters don;t understand how tariffs work.

The European planemaker is responsible for any added duties on supplies it imports to its own aircraft assembly plant in Mobile, Alabama, and then sells on to customers, Airbus chief executive Guillaume Faury said on a conference call after reporting first-quarter results.

“However, when we are exporting from Europe to United States, that’s an import for the customers,” Faury said. “They’re also not very much willing to pay tariffs, but it’s on them.”

https://financialpost.com/transportation/airlines/airbus-tells-u-s-airlines-pay-tariffs

[LosLobo]

32 minutes ago, sandyf said:

https://abcnews.go.com/Politics/former-president-joe-bidens-cancer-diagnosis-gleason-score/story?id=121932715

Poor guy with stage 4 cancer if he had won in 2024, he likely would not have completed his term anyway.