Walmart says it will raise prices due to tariff costs after posting solid first quarter sales
https://apnews.com/article/walmart-earnings-tariff-consumers-inflation-773f7de5081c40a98c98fbb293fa5f96Open linkView original on lemmy.worldSyndicated from the fediverse. Read and engage on the original instance.
View original on lemmy.worldhttps://apnews.com/article/walmart-earnings-tariff-consumers-inflation-773f7de5081c40a98c98fbb293fa5f96Open linkView original on lemmy.world
24 replies
They don't even need the tarrifs now. They won't ever let prices come back down
Is anyone really surprised that prices are going to stay high from this?
You mean just like the last time prices soared from the pandemic and never came back down?
They go up and they don't come down
This is the fundamental guiding principle of late-stage capitalism: what goes up must never come down.
Absolutely true.
Plus the fact that since there is no rational rhyme or reason for Trump changing tariffs on a whim at any second, businesses don’t want to take the risk.
I mean corruption.... And greed... The rich people made millions when he did all that shit
Dude, you really think turnip won't have a massive win, and things will get cheaper? He's making America great again! /s
Oof, Walmart being their favored store this is gut punch right into MAGAts every where
Hot take, but could this be Obama‘s fault somehow?
Always, did you know the fall of Rome was orchestrated by Obama himself?
That's a movie on Hunter Bidens laptop
Definitely Biden. Fox News was playing in a restaurant I was in for 10 minutes and the entire time they were obsessed with Biden.
It's their favorite store, just after dollar general.
That's because you have to pass 3 dollar generals to get to the Walmart.
Nice use of a picture of dumbbells to represent their customer base.
They did, and raising your prices for expecting the tariffs to make things more expensive is pretty normal.
That said, All of the companies are just given a free rein to do whatever the hell they want right now, prices on everything are going to skyrocket and stay there, economy decline and inflation incoming.
For the economic safety of the US’ citizens, we really need to figure out how to get rid of a president’s ability to put tariffs on anything. We’ve found out what happens when there’s nothing stopping a president from just pushing them out frivolously. They just should not be able to do this. If we need to put tariffs on anything, it needs to be something passed in the House and Senate. Slowing it down so people actually think things through like real professionals is the key. It should not be done by the president ever again. No exceptions. No saying “Maybe the next president can be trusted to not do this.” They can’t be.
The voters are the problem dude. Congress can take back this power any time they want. They won't because their constituents don't know how anything works, and they know that most of them won't even take an electoral hit for their inaction on this.
There is no rule you can put in place in a democracy that can protect voters from themselves.
its funny how the news is flooded with trumps obvious gaffes9(his plane grift), and the reports of tariffs have suddenly gone silent now. were just hearing pieces here and there instead of being at the topic of every MSMs.
The headline seems to be interpreted by others here that the two parts are linked, but they don't directly relate. Sales being solid doesn't say anything about costs. Revenue was up but EPS was down quarter over quarter.
We'll see if the China tariff pause will help.
https://apple.news/Acq4g9QMtS-SKYiEYYqSJ8w
This says, Walmart the world’s largest retailer, said President Donald Trump’s tariffs are “too high” and it will raise prices on some items as Trump’s global trade war increases the company’s costs.
I guess I was very unclear in my argument.
ITT Walmart is raising prices despite making more money than ever. In reality, Walmart is earning less than last year and trying to recoup tariff costs through price increases. The difference is in if you understand that sales being up doesn't mean profits are up.
Tariffs still being in effect means Walmart is justified in its actions.
I assume that people will just buy less.
I assume that people will just take on more debt.