Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.
Buying less, but they’ll be spending the same amount of money, barring rises in other expenses not directly related to tariffs (rent, utilities, etc). Their quality of life will simply go down. Wal-Mart doesn’t care about that. We could all be medieval peasants for all they care.
Less sales but more expensive, so same income, less costs.
Also less regulations, so they can sell crappier and cheaper alternatives for the same price.
Also, lower taxes on big corporations.
And they’ll probably be able to use the private prison system to turn shoplifters into very cheap slave labour, saving on wages.
Seems like a win-win situation for Walmart, though not so much for its customers.
No but they’ll buy less overall even from Walmart.
Buying less, but they’ll be spending the same amount of money, barring rises in other expenses not directly related to tariffs (rent, utilities, etc). Their quality of life will simply go down. Wal-Mart doesn’t care about that. We could all be medieval peasants for all they care.
Less sales but more expensive, so same income, less costs.
Also less regulations, so they can sell crappier and cheaper alternatives for the same price.
Also, lower taxes on big corporations.
And they’ll probably be able to use the private prison system to turn shoplifters into very cheap slave labour, saving on wages.
Seems like a win-win situation for Walmart, though not so much for its customers.