Ask any senior who is trying to live off of their Social Security the last 10 years if their Social Security increases come anywhere close to keeping up with inflation, and their honest answer will be HELL NO. That can be blamed on BOTH sides.
Ask any senior who is trying to live off of their Social Security the last 10 years if their Social Security increases come anywhere close to keeping up with inflation, and their honest answer will be HELL NO. That can be blamed on BOTH sides.
Historically it has kept up. The problem is that cola's are reactionary. They happen after the fact. In times of inflation, they lag behind, then catch up as inflation wanes.
Increases are based on last years numbers and don't try to predict next years figures.
If everybody had like minds, we would never learn.
Ask any senior who is trying to live off of their Social Security the last 10 years if their Social Security increases come anywhere close to keeping up with inflation, and their honest answer will be HELL NO. That can be blamed on BOTH sides.
Historically it has kept up. The problem is that cola's are reactionary. They happen after the fact. In times of inflation, they lag behind, then catch up as inflation wanes.
Increases are based on last years numbers and don't try to predict next years figures.
All I know is that I'm sure as hell happy I don't live solely on SS.... No way I could make it. So from my perspective, it's not kept up at all.
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.” Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe." Damanshot
For many, inflation on produce and products is not easing but prices continue to rise.
One example, Johnsonville Brats...up $1.00 over last years price. ....why the hell would Brats go up $1.00 per package due to tariffs?
Gas prices look to be easing if you gas up on the right day. .....gas prices drop to 2.89 early in the week then will jump to 3.39 or so by weekend.
These are just a couple examples. The full affect of these tariffs has not been felt yet... it could get worse.!
How bout you..?
The day that Trump was saying Gas was $1.98, every station around me was charging over $3 per gallon... The guys an idiot and it's really easy to fact check him.
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.” Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe." Damanshot
Ask any senior who is trying to live off of their Social Security the last 10 years if their Social Security increases come anywhere close to keeping up with inflation, and their honest answer will be HELL NO. That can be blamed on BOTH sides.
GM..no argument from me about SS keeping up with inflation...it hasn't and it looks to be getting worse, not better.
I mentioned J'ville Brats increasing a $1.00 per package and shell game Petroleum companies are playing with their prices...lowering the price at the pump for a couple of days in the week then raising their prices the rest of the week.
Most consumers are not affected because they don't buy the groceries and these price increases are not enough of a raise in price to affect their budget. Now I'm not going to claim to be the grocery shopper in our family but I do hear about it from the lady of the house.
The Trump tariffs act as a tax on the American people with those who can least afford to pay more are the Americans most affected.
CAR PARTS...have they increased in cost due to the T-tariffs..?
The problem with that is most of his followers are either getting their special interests addressed and simply don't care while others never bother to fact check him. And as we can see, those who were on here supporting him are ignoring everything being posted about what he's doing other then screaming about how great the border is. They just don't give a damn about anything he does. So much for them railing about the constitution. They were very loud about that when it concerned the second amendment.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
Ask any senior who is trying to live off of their Social Security the last 10 years if their Social Security increases come anywhere close to keeping up with inflation, and their honest answer will be HELL NO. That can be blamed on BOTH sides.
Historically it has kept up. The problem is that cola's are reactionary. They happen after the fact. In times of inflation, they lag behind, then catch up as inflation wanes.
Increases are based on last years numbers and don't try to predict next years figures.
Over the last 10 years the average increase has been 2.83 percent per year.
My property taxes and home owners insurance have increased way more than that themselves without taking anything else into account. They hold up the cola like a magic trick, while they pick our pocket with the other hand.
Ask any senior who is trying to live off of their Social Security the last 10 years if their Social Security increases come anywhere close to keeping up with inflation, and their honest answer will be HELL NO. That can be blamed on BOTH sides.
GM..no argument from me about SS keeping up with inflation...it hasn't and it looks to be getting worse, not better.
I mentioned J'ville Brats increasing a $1.00 per package and shell game Petroleum companies are playing with their prices...lowering the price at the pump for a couple of days in the week then raising their prices the rest of the week.
Most consumers are not affected because they don't buy the groceries and these price increases are not enough of a raise in price to affect their budget. Now I'm not going to claim to be the grocery shopper in our family but I do hear about it from the lady of the house.
The Trump tariffs act as a tax on the American people with those who can least afford to pay more are the Americans most affected.
CAR PARTS...have they increased in cost due to the T-tariffs..?
*HI FIVE* Something we can agree on again
I notice the prices as I have always been the one who pays our bills, and does all the grocery shopping, handles all of both mine and my wife's stuff. Hell I will go to five different grocery stores to save 10 bucks lol
Ask any senior who is trying to live off of their Social Security the last 10 years if their Social Security increases come anywhere close to keeping up with inflation, and their honest answer will be HELL NO. That can be blamed on BOTH sides.
Historically it has kept up. The problem is that cola's are reactionary. They happen after the fact. In times of inflation, they lag behind, then catch up as inflation wanes.
Increases are based on last years numbers and don't try to predict next years figures.
All I know is that I'm sure as hell happy I don't live solely on SS.... No way I could make it. So from my perspective, it's not kept up at all.
It was never intended to be a sole means of income. It is a supplement or a bare bones safety net. No doubt that if it is a person's only means of income, times are going to be lean. You could make it, many do, but you would have to undergo some major lifestyle changes.
If everybody had like minds, we would never learn.
Ask any senior who is trying to live off of their Social Security the last 10 years if their Social Security increases come anywhere close to keeping up with inflation, and their honest answer will be HELL NO. That can be blamed on BOTH sides.
Historically it has kept up. The problem is that cola's are reactionary. They happen after the fact. In times of inflation, they lag behind, then catch up as inflation wanes.
Increases are based on last years numbers and don't try to predict next years figures.
Over the last 10 years the average increase has been 2.83 percent per year.
My property taxes and home owners insurance have increased way more than that themselves without taking anything else into account. They hold up the cola like a magic trick, while they pick our pocket with the other hand.
I agree with that. Insurance is tied to property taxes and home valuations. I understand why insurance goes up as the cost of replacement goes up. Not much we can do about that.
As for property tax. I am not big on government mandates, but I am in favor of freezing property tax rates on senior citizens once they hit retirement age. I might even go so far as to say reduce it by maybe 50%, and that would only apply to their primary residence in the event they have a second home.
No doubt there would be more details to work out but yeah, once a person retires, taxes need to be frozen if not reduced by some percentage.
If everybody had like minds, we would never learn.
For many, inflation on produce and products is not easing but prices continue to rise.
One example, Johnsonville Brats...up $1.00 over last years price. ....why the hell would Brats go up $1.00 per package due to tariffs?
Gas prices look to be easing if you gas up on the right day. .....gas prices drop to 2.89 early in the week then will jump to 3.39 or so by weekend.
These are just a couple examples. The full affect of these tariffs has not been felt yet... it could get worse.!
How bout you..?
Mac, inflation isn't anything new. I think you and I are at least close in age. I think you remember when you could go to McDonalds and get 2 hamburgers, a fry and drink and get some change back from your dollar. Now it is $10 "value" meals.
If you had $20, you and your date could have a big night out. Movie, pizza at the local joint, several beers while dancing the night away and the local club.
I will admit it has accelerated. Mostly due to debt. For years an ounce of gold was equal to a good men's suit. Now at $3000 an ounce, gold has outpaced the suit. You can still get a nice suit for $12-1400 or so. At least I think so, I haven't bought one in a good number of years since I retired.
By nice suit I am talking about the tailor chalking up here and there to take things in here, let things out there...actually fit it to you.
If everybody had like minds, we would never learn.
According to minimum wage and workers pay prices are going up. When wages do not keep up with inflation your buying power is less. You can find any reason for that you choose but that's the bottom line.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
I just want Trump to show me those $1.98 eggs. And has anyone else noticed that gas prices always inexplicably go down under republicans? Everything else is going up except gas. But it’s not rigged…
Ask any senior who is trying to live off of their Social Security the last 10 years if their Social Security increases come anywhere close to keeping up with inflation, and their honest answer will be HELL NO. That can be blamed on BOTH sides.
Historically it has kept up. The problem is that cola's are reactionary. They happen after the fact. In times of inflation, they lag behind, then catch up as inflation wanes.
Increases are based on last years numbers and don't try to predict next years figures.
All I know is that I'm sure as hell happy I don't live solely on SS.... No way I could make it. So from my perspective, it's not kept up at all.
It was never intended to be a sole means of income. It is a supplement or a bare bones safety net. No doubt that if it is a person's only means of income, times are going to be lean. You could make it, many do, but you would have to undergo some major lifestyle changes.
I recognize that. That was drilled into my head by Mom and Dad every chance they got so I'm pretty much ok.
But please don't ever try to tell me that SS has kept up with inflation. It's not even close.
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.” Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe." Damanshot
There's an odd thing about those who say, "It was never intended to be a sole income" because in fact it was. It was before most average workers made enough money to save for retirement. The elderly by and large were impoverished. And many of the very same people who say this promote that many workers in America to day who work full time not make wages high enough t barely make ends meet much less save for retirement. Odd indeed.
But then by and large they're the same group that say minimum wage was never intended to be a living wage no matter how many times you show them the very words of FDR who said that was the very reason for it......................................
“It seems to me to be equally plain that no business which depends for existence on paying less than living wages to its workers has any right to continue in this country. By "business" I mean the whole of commerce as well as the whole of industry; by workers I mean all workers, the white collar class as well as the men in overalls; and by living wages I mean more than a bare subsistence level-I mean the wages of decent living.”
― Franklin D. Roosevelt
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
SS could be fine if people who did not pay into SS would not receive SS benefits. It should be paid out to those that paid into it in their working career.
Social Security includes disability insurance. That is part of its structure as well. We pay for that as part of the those payments to social security.
Social security would also be fine if people died at 67 and not live to 100. sheesh.
Social Security includes disability insurance. That is part of its structure as well. We pay for that as part of the those payments to social security.
Social security would also be fine if people died at 67 and not live to 100. sheesh.
SS should be paid out to people who worked and paid in. No one else. There are other handouts for those people.
I'm glad for all of those who depend on their 401k's for their retirement. Nobody wants to see those who are in that situation suffer. At least they've made it back to where they were.
Now if they can get consumer confidence back up to where people are spending so we don't suffer a negative GDP again.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
Really like the "rose to slowest pace in 4 years". Wonder "who" was in charge those 4 years and in less than 4 months it is slowing to slowest pace in 4 years.
Looks to me like inflation has been trending down the past 4 years. It's not a light switch.
I'll celebrate with you if the latest trade war news turns out to be more than just a pause. All these gains can just as easily be wiped out if Trump runs his mouth again.
Last edited by oobernoober; 05/13/2503:18 PM.
There is no level of sucking we haven't seen; in fact, I'm pretty sure we hold the patents on a few levels of sucking NOBODY had seen until the past few years.
According to minimum wage and workers pay prices are going up. When wages do not keep up with inflation your buying power is less. You can find any reason for that you choose but that's the bottom line.
I get that. You need to think to get my point.
Raising wages is simply a reaction to the real problem. Raising wages contributes to inflation, but I admit it is an easy, popular, but temporary fix.
Look, I don't need to read you saying I am against the working guy and don't want people making a living wage. That just isn't the case, so please stop with that crap.
It is a complicated issue, but to sum it up in to two bullet points:
1. We waste too much money as a country. We are seeing many examples of wasting money on stupid S**t.
2. If we want people making a living wage, we can't keep buying products made in places that pay $1 per hour over products made domestically where people make $20 per hour
The President is spot on with tariffs. We have been getting screwed for decades.
If everybody had like minds, we would never learn.
According to minimum wage and workers pay prices are going up. When wages do not keep up with inflation your buying power is less. You can find any reason for that you choose but that's the bottom line.
I get that. You need to think to get my point.
Raising wages is simply a reaction to the real problem. Raising wages contributes to inflation, but I admit it is an easy, popular, but temporary fix.
Look, I don't need to read you saying I am against the working guy and don't want people making a living wage. That just isn't the case, so please stop with that crap.
It is a complicated issue, but to sum it up in to two bullet points:
1. We waste too much money as a country. We are seeing many examples of wasting money on stupid S**t.
2. If we want people making a living wage, we can't keep buying products made in places that pay $1 per hour over products made domestically where people make $20 per hour
The President is spot on with tariffs. We have been getting screwed for decades.
That's just so not accurate. Or maybe it's accurate and you are simply against capitilism and free trade. Tarrifs worked both ways for each country that had them in place. No-one was getting screwed. Trump's claims of these gross imbalances was a complete and total fabrication ..... you just pointed out the issue, if a poor country has labour available for a $3 or $4 an hour - then their goods will be cheaper than making them in couttries where labour is $20-30 an hour.
If you think you can replace the cheap products from countries with low labour costs - then what do you think will happen to the price of goods? In order to make the goods here - how much capital investment is needed in manufacturing plants? Do you think companies build those for free? Or amortize the cost by increasing the price of their goods?
You thinking Trump is on to a winning idea with Tariffs pretty much pits you against every single non-politically motivated economist in the world. It's drivel.
The more things change the more they stay the same.
He’s backed off most of them. China’s is the highest at 30% now. So far, the only foreign gain he has made was shaking down Ukraine for rare earth minerals. #wInNiNg.
It's not so much that I'm rejecting your point as it is what it all boils down to. The bottom line to everything you said means this is the result.
Everyone in the upper middle class and beyond gets hurt the least. They can afford inflation. They can absorb the tariffs. Sure it still hurts but they come out the other side okay. Your reasoning seems to be that raising the wages of those with much less is only a temporary fix. And I don't even disagree with that.
But the problem with all of that is what's the alternative for these people? What you're suggesting creates a vicious circle. They can't afford to purchase American goods. They can barely make ends meet as it is while buying cheaper foreign goods. So by not increasing their wages we have created the very situation you claim we need to stop. Do you think people that make less than $20 an hour with a couple of kids can suddenly begin to afford to clothe themselves and their children in $100 pairs of blue jeans?
What tariffs accomplish is even more suffering by those at the bottom of the income scale. People who can NOT afford to purchase American goods now. As per usual your answer seems to be to make those with the least suffer the most. I'm not trying to insinuate that's your motivation. I'm factually claiming that's the results of what you're proposing. I understand that in your situation you may have trouble relating to what your "solution" means to millions upon millions of Americans.
You really aren't solving a problem when you put so many Americans in a situation where those struggling to get ahead will only get further behind. One thing we should all be aware of by now is that when you put money in the hands of those who need the most they spend it. That stimulates the economy. When you put prices out of reach for those very same people the economy stagnates.
I understand your goal. I understand your reasoning. But I also understand the impact it will have on millions of American households. Those who can least afford to pay the price. Those in power need to fix the problem rather than make those with the least suffer the most. Some of us are not so far removed from that situation that we don't remember.
The ones getting screwed will be the lower middle class and below.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
Mac, maybe a conversation about “Trump tariff inflation” would be more helpful when we actually have some “Trump tariff inflation”. I just saw the current numbers and 2.3% is the best we have had in four years. Someone must have been running the show those five years who couldn’t manage to control inflation.
I feel just awful,Mac, that your Johnsonville brats went up a dollar. Maybe try the store brand to save some money. I always got mine at Kroger and was satisfied. But using 1-2 items to suggest inflation is running wild is silly. You realize that we could have a quarter of 0% inflation and there would still be products that would go up in price. Shoot maybe those jville brats would still go up. But system wide we are at 2.3%. Best we’ve had in a while. Why didn’t you celebrate that instead of griping about your brats. I guess you really love those brats!!
What I find a wee bit amusing is the lefties on here decrying the still unseen Trump tariff inflation. How dare he have a policy that causes inflation. Well you guys were strangely silent a few years ago when Biden was trying to increase the corporate tax rate from where it is, I think low 20’s , to 35 or 39%. Of course those additional taxes they would pay would be added into the price of there products, aka inflation. Apparently you only get worked up when Trump is connected to it. An obvious symptom of TDS.
I think the next 6 months or so the tariff situation will be highly flexible. I think his goals for using tariffs are noble ones and I hope he accomplishes them.
An obvious juvenile response in hopes of getting people to stop people reporting what trump is doing. But a dumb acronym is what people should expect from the crowd that use it.
Quote
I think the next 6 months or so the tariff situation will be highly flexible. I think his goals for using tariffs are noble ones and I hope he accomplishes them.
If the goal is to get businesses to come back to the U.S. then lowering tariffs to the point it doesn't make sense to move businesses back to the U.S then the exact stated goal he gave for the tariffs will be lost.
I'm sure somehow in your MAGA mind you think trump can increase the prices on all foreign goods yet either small businesses or the consumer will not see an increase in prices. Your math doesn't add up.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
If we continue doing what we have been doing, shipping good American jobs and businesses overseas, we will continue getting the same result. Trying something different to fix the problem is what problem solvers do. If it doesn’t work you try something else. But unlike you I am willing to try things to get those businesses and jobs back to America. Youand the other lefties offer nothing. No solutions. Just let it keep happening. Wouldn’t you like to see businesses and jobs come home to America?
Unlike some who are fine with the status quo, I do not want to be in the position of depending on the Chicomms for PPE during a pandemic. Trusting the Chicomms to provide valuable medications that we need. Right now we depend on a country that is not our friend. Those things need to be produced in America. If they want to supply us with cheap toys fine. But the vital stuff needs to be made here!
But in addition to trying to bring jobs home Trump wants to “even the playing field with tariffs”. I put that in quotes because I heard both Pelosi and Schumer say those exact words when advocating for tariffs in the late 90’s. Back then tariffs were a Democratic Party position and Republican Party opposed them. Many establishment Repubs oppose them now. Trump has turned the party to a more blue collar populist party.
Truthfully if I were in charge tariffs are not the way I would go to accomplish his noble goals. I would offer any company that brings capital investment and jobs into America a 0% income tax rate for 3-5 years with a long term commitment. We would be flooded with employers. Of course you lefties would fight that too wouldn’t you.
But Trump is using tariffs and hopefully it works on both goals.
I'm for tackling the problem where it is. You yourself just stated that it's "shipping good American jobs and businesses overseas". But "we" aren't doing that. We didn't do that. American businesses did that for decades. There should have been policies in place to put tariffs on goods those businesses produced overseas by moving those jobs. And while you want to blame that all on "lefties" both democratic and republican administrations sat on their hands the entire time this has been happening.
And the problem with "evening the playing field" is that he is not doing that. That much is easy to see. So rather than spew rhetoric like "Chicomms" I'll give you a prime example.
Vietnam. Trump placed a 46% tariff on Vietnam. Vietnam's tariff on American goods is an average of 9.6%. But what he's actually doing is including the trade deficit in this "evening the playing field" nonsense.
Vietnam has one third the population of the U.S. The average wage in Vietnam is just less than $700 a month. Can you explain to me how it makes any sense to think that a population of one third as many people as we have that make far less average wages than Americans make could ever buy as much from us as we buy from them?
I'm for trying things that make sense. Even you yourself don't feel he is going about it the right way.
Quote
Truthfully if I were in charge tariffs are not the way I would go to accomplish his noble goals. I would offer any company that brings capital investment and jobs into America a 0% income tax rate for 3-5 years with a long term commitment. We would be flooded with employers. Of course you lefties would fight that too wouldn’t you.
Of course you had to add in your lefties comment at the end but otherwise even you think there are better methods.
What tariffs will do is make the almost 50% of Americans that live paycheck to paycheck finding it impossible to make ends meet. And as for being willing to try just anything and " If it doesn’t work you try something else" goes.........
Punishing consumers at the bottom of the economic ladder isn't the answer. Sadly while it seems to escape you we all have the same goal. The difference between us is I don't support cutting off my hand because one of my fingers gets infected. This entire formula of having the trade deficit included in his formula in nonsense. Many of these nations neither have the population nor do their people make an income where that is feasibly possible. China on the other hand i completely agree. I'm for supporting things that make sense. I'm not for supporting things that make no sense at all.
And once again, trump claimed it was to make tariffs so high that it would force manufacturers back to the U.S. Since then he has cut that tariff rate to the point that doesn't make any sense either.
Try thinking about what makes sense and what doesn't. Then maybe consider supporting things that make sense while not the things that don't.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
Walmart says it plans to raise prices despite lower U.S. tariffs
Walmart on Thursday warned that even softer tariffs on China could soon force the company to raise prices on certain items.
The world's largest retailer said President Trump's wide-ranging levies on U.S. trade partners are impeding its ability to keep prices low for its customers.
"We can control what we can control," Walmart CEO Doug McMillon said on the company's first quarter earnings call Thursday. "Even at the reduced levels, the higher tariffs will result in higher prices," he added.
The price hikes will go into effect later this month. Walmart, a bellwether for consumer spending, joins other larger retailers in warning that they are likely to raise prices as tariffs drive up their costs.
Rising cost pressures for retailers
The Trump administration on Monday said that, starting May 14, it is lowering the tariff rate on Chinese imports from 145% to 30% for 90 days. As part of that agreement, China will reduce its 125% tariff on American goods to 10%. The sides are expected to continue negotiations, although ongoing uncertainty over trade policy is weighing on companies.
"The merchandise that we import comes from all over the world from dozens of countries," McMillon said. "Other than the U.S., the other large markets are China, Mexico, Vietnam, India and Canada. China, in particular, represents a lot of volume in certain categories like electronics and toys. All of the tariffs create cost pressure for us, but the larger tariffs on China have the biggest impact. The cost pressure from all the tariff impacted markets started in late April, and it accelerated in May."
Still, the Walmart executive emphasized that the retailer will do what it can to avoid passing the import taxes onto customers.
"We'll do our best on what we can control in order to keep food prices as low as possible," McMillon said. "In some cases we are holding retail prices where they are despite the tariffs cost pressures."
Grocery prices dropped slightly last month, declining 0.1% from March, according to government data. However, many household costs remain elevated, the CBS News price tracker shows.
Walmart also pulled its quarterly profit outlook amid global economic uncertainty, as Mr. Trump vows to strike favorable trade deals with countries that are subject to steep levies on imports.
Walmart earned $4.4 billion in the quarter ended April 30, down from $5.1 billion in the year-ago period. Revenue rose 2.5% to $165.6 billion, just short of analyst estimates.
Tariff hit on consumer spending
Walmart Chief Financial Officer John David Rainey said in the earnings call that the company expects the U.S. to strike more agreements with its trade partners, and that tariff rates could drop.
"However, if we see a restoration of dramatically higher tariff levels, the impact on our financials could be significant and even jeopardize our ability to grow earnings year-over-year," he added.
Tuan Nguyen, U.S. economist at consulting firm RSM US, said the latest retail data shows consumers are reducing their spending at stores and restaurants.
"We are now witnessing the first-order effects of tariffs on the economy — through reduced spending. The second-order impact — on prices — will likely emerge in the coming months, putting additional pressure on demand," he said in an email.
Wasn't it Amazon that said they were going to start putting the cost of Tariffs on each product? Then Bezos backed off after he had a conversation with Trump. Makes we wonder, what does Trump have on Bezos? What's he afraid of getting out. Was he on Epsteins Island? Plane? Florida Party House?
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.” Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe." Damanshot
Walmart says it plans to raise prices despite lower U.S. tariffs
When the nations largest employer announces that if will continue to raise prices even if Trump cuts tariffs...an "inflationary trend" will likely follow.
And what about Comey? When are you going to admit you got duped by that POS?
You mean the same guy that announced Hillary was back under investigation just a few days before the election? But that's how you people roll. The very people that helped trump get elected you'll stab in the back later. So trump like.
Because you know, he did something against your feckless leader. And before you echo FOX News and trump, You can purchase 86 49 T-shirts on Amazon. several varieties in fact.
Trump tells Walmart to ‘eat the tariffs’ after retailer warned it will raise prices
President Donald Trump blasted Walmart
on Saturday after the country’s largest retailer warned this week that it will have to raise prices because of tariffs.
“Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain,” Trump wrote on Truth Social. “Between Walmart and China they should, as is said, “EAT THE TARIFFS,” and not charge valued customers ANYTHING. “I’ll be watching, and so will your customers!!!”
Walmart CFO John David Rainey said in an interview with CNBC on Thursday that, “We have not seen price increases at this magnitude, in the speed in which they’re coming at us before, and so it makes for a challenging environment.”
Rainey said he is “pleased with the progress that’s been made by the [Trump] administration on tariffs from the levels that were announced in early April, but they’re still too high.” That is despite a 90-day reprieve that lowered duties on Chinese imports to 30%. Goods from dozens of other countries face a 10% duty.
He said that the retailer wants to keep its prices lower than competitors, especially at a time when shoppers are seeking discounts. To do that, he said Walmart will absorb some of the tariff-related higher costs and he expects suppliers to absorb some higher costs, too.
Rainey said the company will “try to work with suppliers to keep prices as low as we can.”
Walmart echoed that sentiment on Saturday when asked to comment on Trump’s post.
“We have always worked to keep our prices as low as possible and we won’t stop,” Walmart said in a statement. “We’ll keep prices as low as we can for as long as we can given the reality of small retail margins.”
Walmart joined a growing number of companies that have increased prices or warned that higher prices are coming due to tariffs. Microsoft
said earlier this month that it has increased the recommended retail prices of Xbox video game consoles and some controllers.
Barbie maker Mattel announced earlier this month it is moving production out of China, but still expected to have price increases its toys. And Ford
warned last week it would have to raise prices on some cars.
Walmart maintained its sales forecast for the year on Thursday, but declined to provide an earnings or operating income forecast for the second fiscal quarter, citing the frequent changes in the Trump administration’s tariff policies.
Major U.S. retailers, including Target, Home Depot and Lowe’s, are expected to share their own outlooks on the impact of tariffs when they report results next week.
Shares of Walmart ended 2% higher on Friday at $98.24.
Peen, take your meds. Biden was hands down more with it than Captain Von Crap-Stain who salutes the saudis like it’s his job. Dude is a national embarrassment of epic proportions. Unless you like him saluting foreign generals, comrade. And while we’re at it, how many times did Biden get our national credit rating lowered?
To think any business can eat a price increase of 30% is in fact delusional. But you can bet his followers don't think so.
Pit, they’d need a grasp on reality for that, so let’s not judge them so harshly. Being obtuse, uninformed, and or poorly educated is not a crime. Being stupid is not a crime. Being all the above and not understanding the world around you while exercising your right to vote at the same time should be a crime, though.
To think any business can eat a price increase of 30% is in fact delusional. But you can bet his followers don't think so.
Pit, they’d need a grasp on reality for that, so let’s not judge them so harshly. Being obtuse, uninformed, and or poorly educated is not a crime. Being stupid is not a crime. Being all the above and not understanding the world around you while exercising your right to vote at the same time should be a crime, though.
Just a side note, speaking to one of my neighbors the other day.. She is in here 70's I think. She was telling me that At least Trump found a way to money for us from China and other countries. She was referring to Tariffs. Trump told them that China would pay for it, and of course, only a moron would believe that....
Now that Trump is giving hell to Walmart and Amazon over a perceived slight by them letting folks know why prices are going up should be clear,,,,, Apparently not!
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.” Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe." Damanshot
To think any business can eat a price increase of 30% is in fact delusional. But you can bet his followers don't think so.
It isn't 30%. The previous base tax rate was 20%, so we are talking a 10% increase. You also have to know that all goods aren't taxed at the base rate. Many are, or were taxed as low a 7-8% under a favored nation rate. I am not sure how those will be affected.
If everybody had like minds, we would never learn.
China tariff ‘stacking’ pushes true cost of import taxes well above 30% on many consumer products
The Trump administration’s trade truce with China that paused the steepest tariffs on Chinese goods isn’t offering much of a reprieve to many importers. Stacking of multiple tariff layers already implemented during the trade war has pushed up costs to import retail goods much higher than the 30% associated with the tentative agreement.
“While companies are relieved to see a temporary pause from the incredibly high tariffs on goods from China, retailers are still facing very high tariffs that will have an impact on prices and supply,” said Josh Teitelbaum, senior counsel of Akin.
“Multiple layers of tariffs are a big problem for basic items like kids backpacks that come largely from China,” said Dan Anthony, president at Trade Partnership Worldwide. “You’re talking about rates of over 70%,” he said.
That includes the layering of existing 17.6% tariffs and Section 301 tariffs (related to unfair trade practices) of 25%, with the 30% in tariffs on Chinese goods not included in the pause — 20% fentanyl-related tariffs and 10% reciprocal tariffs.
Walmart CFO John David Rainey said in a CNBC interview after its earnings this week that prices of goods including food, toys, and electronics may increase due to tariffs. “We’re trying to navigate this the best that we can,” he said in the CNBC interview. “But this is a little bit unprecedented in terms of the speed and magnitude in which the price increases are coming,” he added.
Panjiva data shows from January 2025 to May 12, Walmart’s top three countries where shipments originate from are China (34.1%), followed by India (26.3%), and Hong Kong (10.6%).
For many importers, the true tariff tax on Chinese goods now ranges from 40% to 70%.
Teitelbaum offered footwear as an example, with a children’s or women’s sneaker that has a leather upper facing a 40% tariff if imported from China today, factoring in the “most favored nation” standard tariff under WTO rules of 10%, plus the 30% in fentanyl and reciprocal tariffs.
That stacking of tariffs pushes the true cost for many other retail goods much higher than 30%, including:
Cotton sweaters from China face a 46.5% tariff (16.5% most favored nation plus the fentanyl and reciprocal tariffs). Women’s bathing suits from China face a tariff of 54.9% (24.9% most favored nation plus the fentanyl and reciprocal tariffs). Baby’s dresses from China face a tariff of 41.5% (11.5% most favored nation plus the fentanyl and reciprocal tariffs).
Matt Priest, president & CEO of the Footwear Distributors & Retailers of America, told CNBC that a 40% tariff on the most popular category of imported women’s and children’s leather footwear is simply unsustainable for American families and footwear companies.
“These are everyday shoes — not luxury items — and applying compounded tariffs on them only drives up costs at the cash register,” said Priest. “With nearly $650 million worth of these shoes imported from China last year, it’s clear this policy disproportionately impacts working-class consumers. It’s time for a serious, bipartisan conversation about tariff reform that puts American families first.”
This stacking of tariffs has led some small businesses to cut product lines as a way to mitigate the financial strain. Anjali Bhargava, founder of spice company Anjali’s Cup, says her company will be discontinuing products as the special vacuum seal tins she uses sell out.
Even before the 30% tariffs hit, she was paying 25% in tariffs. “These tins were already more expensive than I could afford, but even if I could absorb the 30% tariff, as a small business owner handling so much on my own, I can’t afford the added stress of uncertainty about how the story might change during the months it would take to produce and ship the tins,” Bhargava said. “The past few months have been so destabilizing,” she added.
Bhargava said it is critical to maximize the potential of the working capital she has available and minimize unnecessary risks, given how expensive debt has become. Bhargava’s line of credit increased in interest rate to 23%, plus 2% to pull the money.
“My credit card interest rates are all in the high 20s so interest is a huge issue and ordering tins five to six months before I can sell them has been a big bottleneck,” Bhargava said. “I used what I could to buy the ingredients and packaging that are essential for those products and now I have to focus on building a stronger foundation for the company with those.”
Rick Woldenberg, CEO of Learning Resources, a family-owned company that makes educational toys and is suing the Trump administration over the tariffs — a hearing scheduled for May 27 — is only facing the 30% tariffs, but he said the jump from zero to 30% is steep. Even if the pause does put his company in a position of importing some items again, it comes at a high price.
“A 30% duty rate, when we used to pay zero, is a massive change in costs and will force a large price increase to cover it,” said Woldenberg. “I believe this tax is highly inflationary. We don’t like the idea of participating in driving up inflation, so we are hardly rejoicing over the news.”
He said a book of finished goods and work in progress in China that was part of production orders due in the 45-60 days after Trump’s April 2 global tariffs announcement will likely be imported from Chinese factory partners. “We now can and probably should relieve them of this inventory and try to sell it here. We will selectively restart production of particularly sensitive products, for various reasons, but resourcing continues and our migration away from China remains active,” Woldenberg said.
The small business owners all say the tariffs have taken a toll on the business and their trust in the process.
“We still don’t know what our costs are or will be, and assume that future decisions by this administration will be last minute, without advance notice and cause us further pain and disruption. We have no confidence looking forward,” Woldenberg said.
Rick Muskat, president of family-owned shoe retailer Deer Stags, which imports its goods from China and sells in major retailers including Macy’s, Kohl’s, JCPenney, and on Amazon, said even with the lowering of the Chinese tariffs, the stacking of all existing tariffs has increased exponentially.
“Even at the ‘reduced’ level this will cause serious cashflow problems,” said Muskat. “We were paying $60,000 per month. Now we are paying $360,000 per month. We have to cut expenses to cover this and find savings in payroll. It will also require us to raise prices for future deliveries,” he said.
“The damage of the past weeks cannot be undone and can only be addressed with some sort of longer term assurances and stability that enable us to make the best decisions on how to spend our money today, next week and next month, and set ourselves up for success in the future,” Bhargava said. “I will survive and I’m pretty optimistic that the business will too, but the stress to figure it out has been rough and has taken a toll on me. I’ve needed to really slow down and not panic, but I’m finding my way, step by step.”
I believe they were originally talking about the impact from tariffs.
There is no level of sucking we haven't seen; in fact, I'm pretty sure we hold the patents on a few levels of sucking NOBODY had seen until the past few years.
Inflation is out of control now. And what do we get from the right? We need to suffer before it’s going to get better?
Answer me this? Are you better off today than you were a year ago?
Inflation is out of control compared to what?
Last month? Last Year? 6 months ago? 2 years ago? 10 years ago?
1 year ago.
So are you better off now than a year ago? I’m definitely not.Tell me I’ll need to suffer more before it gets better and I’ll knock you out one by one.
"The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants." Thomas Jefferson.
And what about Comey? When are you going to admit you got duped by that POS?
This kinda crap is something that always happens.. The discussion is about inflation, and the only come back is talk of Comey and Biden..
By the way, Comey helped Trump get elected the first time with his very timely announcement that the investigation of Clinton will continue..... With no new evidence...
And as for Biden, his brain isn't and wasn't scrambled eggs.
That another talking point that is Dumber than a box of rocks. Then there is the outright lie that the economy was a mess under biden.. Trump told you to say that. He forced people to think that, it simply wasn't true. By investments went crazy under biden.. It was great.
Bidens inflation problem was of the making of Trump and the mess he left the country in.... Trumps mishandling of the pandemic was the key... He screwed that up bigly... What a moron...
The problem isn't Biden,, It's every Republican that ever held that office. Think I'm wrong? Ok,, Look at the mess each and several republicans left us in. Bush 1, Bush 2 Trump, They all left us in a mess.. And each time, Democrats came in and fixed it.
Look at the numbers for yourself...
#GMSTRONG
“Everyone is entitled to his own opinion, but not to his own facts.” Daniel Patrick Moynahan
"Alternative facts hurt us all. Think before you blindly believe." Damanshot
And what about Comey? When are you going to admit you got duped by that POS?
This kinda crap is something that always happens.. The discussion is about inflation, and the only come back is talk of Comey and Biden..
By the way, Comey helped Trump get elected the first time with his very timely announcement that the investigation of Clinton will continue..... With no new evidence...
And as for Biden, his brain isn't and wasn't scrambled eggs.
That another talking point that is Dumber than a box of rocks. Then there is the outright lie that the economy was a mess under biden.. Trump told you to say that. He forced people to think that, it simply wasn't true. By investments went crazy under biden.. It was great.
Bidens inflation problem was of the making of Trump and the mess he left the country in.... Trumps mishandling of the pandemic was the key... He screwed that up bigly... What a moron...
The problem isn't Biden,, It's every Republican that ever held that office. Think I'm wrong? Ok,, Look at the mess each and several republicans left us in. Bush 1, Bush 2 Trump, They all left us in a mess.. And each time, Democrats came in and fixed it.
So you don't think that both of them say outrageous things sometimes? Let's get this straight. 179 nations suffered from major inflation at the same time we did. That wasn't a "Biden issue". It was a global economic issue. Biden brought our economy back from the brink. That is factual. Trump created the tariff situation. All of the inflation created and the economy from there will rest squarely on his shoulders. Make no mistake, Biden left us with a healthy economy. Where it's goes from there is something trump keeps trying to blame Biden for. Trump has BDS. The only question from here is will people such as yourself keep believing the BS he is feeding you?
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
So you don't think that both of them say outrageous things sometimes? Let's get this straight. 179 nations suffered from major inflation at the same time we did. That wasn't a "Biden issue". It was a global economic issue. Biden brought our economy back from the brink. That is factual. Trump created the tariff situation. All of the inflation created and the economy from there will rest squarely on his shoulders. Make no mistake, Biden left us with a healthy economy. Where it's goes from there is something trump keeps trying to blame Biden for. Trump has BDS. The only question from here is will people such as yourself keep believing the BS he is feeding you?
Biden 100% created the inflation in this country. He shut down the oil pipeline 1st day on the job and done many other stupid things that negatively impacted the economy. Bottomline is he was Jimmy Carter's 2nd term plain and simple. Now let's hope Trump can become Ronald Reagan and build the economy that can last 40 years like he did in the 1980's.
So you don't think that both of them say outrageous things sometimes? Let's get this straight. 179 nations suffered from major inflation at the same time we did. That wasn't a "Biden issue". It was a global economic issue. Biden brought our economy back from the brink. That is factual. Trump created the tariff situation. All of the inflation created and the economy from there will rest squarely on his shoulders. Make no mistake, Biden left us with a healthy economy. Where it's goes from there is something trump keeps trying to blame Biden for. Trump has BDS. The only question from here is will people such as yourself keep believing the BS he is feeding you?
Biden 100% created the inflation in this country. He shut down the oil pipeline 1st day on the job and done many other stupid things that negatively impacted the economy. Bottomline is he was Jimmy Carter's 2nd term plain and simple. Now let's hope Trump can become Ronald Reagan and build the economy that can last 40 years like he did in the 1980's.
So you don't think that both of them say outrageous things sometimes? Let's get this straight. 179 nations suffered from major inflation at the same time we did. That wasn't a "Biden issue". It was a global economic issue. Biden brought our economy back from the brink. That is factual. Trump created the tariff situation. All of the inflation created and the economy from there will rest squarely on his shoulders. Make no mistake, Biden left us with a healthy economy. Where it's goes from there is something trump keeps trying to blame Biden for. Trump has BDS. The only question from here is will people such as yourself keep believing the BS he is feeding you?
Biden 100% created the inflation in this country. He shut down the oil pipeline 1st day on the job and done many other stupid things that negatively impacted the economy. Bottomline is he was Jimmy Carter's 2nd term plain and simple. Now let's hope Trump can become Ronald Reagan and build the economy that can last 40 years like he did in the 1980's.
You're not interested in facts. You're only interested in a GOP fairy tale.
I watched Ronald Reagan as president. Trump is the opposite of Reagan.
Ronald Reagan signed the Immigration Reform and Control Act of 1986. The Act granted amnesty to roughly 2.7 million undocumented residents who entered the US before 1982, making them eligible for legalization.
You elected the anti Ronald Reagan.Your party has deserted its values to follow a wanna be strong man. It's shameful that you evoke the name Ronald Reagan in any shape or form in comparison with trump. Ronald Reagan is probably rolling over in his grave right now seeing what the GOP has become.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
Inflation is NOT a lightswitch that is flipped on and off on a whim. Biden owns a portion of the responsibility of inflation felt over the course of his term (he, like most dems, was way too fast and loose with handing out stacks of cash). But inflation, like the economy in general, turns like a freighter on the ocean (takes a long time). Biden inherited an economy that was dealing with the after-effects of COVID. Inflation was going to be rough, regardless, and he exacerbated that.
The flipside is that inflation finally started turning the corner towards the end of his term. Trump is coming in with inflation trending in the right direction.
There is no level of sucking we haven't seen; in fact, I'm pretty sure we hold the patents on a few levels of sucking NOBODY had seen until the past few years.
You're not interested in facts. You're only interested in a GOP fairy tale.
I watched Ronald Reagan as president. Trump is the opposite of Reagan.
Ronald Reagan signed the Immigration Reform and Control Act of 1986. The Act granted amnesty to roughly 2.7 million undocumented residents who entered the US before 1982, making them eligible for legalization.
You elected the anti Ronald Reagan.Your party has deserted its values to follow a wanna be strong man. It's shameful that you evoke the name Ronald Reagan in any shape or form in comparison with trump. Ronald Reagan is probably rolling over in his grave right now seeing what the GOP has become.
Gas prices January 20, 2021, was $1.86 per gallon on January 20, 2025, was $3.06 per gallon. Biden's actions caused the $1.20 increase per gallon by the way on January 20, 2016, gas prices were $1.87 per gallon. So Obama and Trump had better gas prices that Biden. Why is that you think?
You're not interested in facts. You're only interested in a GOP fairy tale.
I watched Ronald Reagan as president. Trump is the opposite of Reagan.
Ronald Reagan signed the Immigration Reform and Control Act of 1986. The Act granted amnesty to roughly 2.7 million undocumented residents who entered the US before 1982, making them eligible for legalization.
You elected the anti Ronald Reagan.Your party has deserted its values to follow a wanna be strong man. It's shameful that you evoke the name Ronald Reagan in any shape or form in comparison with trump. Ronald Reagan is probably rolling over in his grave right now seeing what the GOP has become.
I understand things have changed and not for the better. Trump in a lot of ways more closely represents Democrats economic views of the 1980's.
Reagan hated unions. Made no bones about it. Trump is actually cozy with unions. They would have disagreed here a lot.
Reagan was more prone to strike and act using the military. Trump tries to avoid war at all costs and tries to use negotiating tactics with both allies and enemies.
Reagan was much tougher on drugs inside the country. Trump tries to stop the flow of drugs coming into the country.
Reagan liked the John Kennedy philosophy of trickledown economics and so does Trump. They both understood when the person doing the hiring makes money, they in turn hire people and invest in their businesses. If the person that does the hiring losses money, they in turn lay people off and does not invest in growth at that time.
Reagan was a free trader, and Trump wants even trade and is employ the negotiation tactics used in business to try to even the playing field. They would have disagreed here a lot.
The border was not a huge issue in the 1980's we did not have near as much illegal crossings as we have now. I strongly believe Reagan would have drawn a hard line here in today's world vs the world he lived in. He did believe the United States was a beckon of hope for the world, but he would have never allowed the numbers to cross the border that was crossing in the last 15 years. He was also tough on crime and the sheer number of gang affiliated crime that pours over the border he would not have allowed.
Reagan was more of a hard liner than Trump on the world stage. Reagan though would make jokes and poke fun at liberal policies domestically and Trump gets too personal with his attacks. Trump had 3 really good years in his first term and then covid happened. He should have never shut down the economy. That was a mistake. I think if he could do what he did then this country will be fine. That starts with deporting the bad element that crossed the border. The tariffs while unfair to the workers of the United States it is hard to undo. I hope it works. The economy Biden left was only this bad once in my lifetime and that was under Carter.
Are you deliberately stating mistruths or do you have bad info. Inflation rate April 2025 is 2.3% with a month over month rate of .2%. In April 2024 it was 3.4% with a month over month of .3%. Data from Department of Labor.
Why don’t you wait until there is inflation to b’’’’ and moan about it. Instead of making up “facts” and spreading them.
While trickle-down economics, the theory that tax cuts for the wealthy will benefit the broader economy, has been a topic of debate for decades, studies generally do not support its efficacy. Many studies, including one from the London School of Economics, have shown that tax cuts for the rich primarily benefit the wealthy themselves, with minimal impact on job creation or overall economic growth.
This has been stated over and over and over again, with stock buybacks by the boatloads to prove it.
This is where I throw my hands up because this keeps getting defended but the data against the theory is mountainous.
It’s also a Reagan twist on conservativism. OG conservatives are not pro trickle down.
Blue ostriches on crack float on milkshakes between the sidewalk titans of gurglefitz. --YTown
Closing the Keystone pipeline caused American gas prices to increase by $1.20 a gallon? Where did you get that information from? I know you've been fed a crock of crap which it seems you believe, but American oil production set record highs under Biden and America is that #1 oil producing nation in the world. Oil production increased every year Biden was president. Here are the facts about oil production under Biden.............
Biden isn’t advertising America’s record oil boom
Biden is not “waging war” on American energy. He’s boosting it.
The US is the largest crude oil producer in the world, pumping out nearly 13 million barrels on average every day in 2023, an all-time record, according to new data from the US Energy Information Administration.
That’s an awkward milestone for President Joe Biden, who has arguably done more than any modern president to facilitate America’s transition away from fossil fuels to greener alternatives.
For the last six years, America has outstripped Russia, Saudi Arabia, and other OPEC countries in crude oil production. And it has picked up the pace under Biden, who had approved more permits for oil and gas drilling on public lands by last October than former President Donald Trump had by the same point in his presidency.
Biden has expedited the construction of an oil pipeline in West Virginia and approved the Willow oil project in Alaska, over the opposition of environmental activists and despite his 2020 campaign promise to stop drilling on federal lands altogether.
Increased oil production has helped keep gas prices low after they spiked in 2022, even as OPEC countries have slashed supply in an attempt to drive prices higher and despite disruptions to the global supply chain wrought by Russia’s war in Ukraine. American production, bolstered by advancements in drilling that improve efficiency, is also helping to meet what is projected to be record global demand in 2024.
But Biden’s challenge now, in an election year, is reconciling the country’s expanding oil sector with his claim in the State of the Union address last week that he’s “taking the most significant action ever on climate in the history of the world.”
American oil production increased every year while Biden was president. You really need to stop believing everything you're being told and seek out the truth. Oil prices are set by global production. That's why prices are going down now........
Oil ends at four-year lows as OPEC+ accelerates output hikes
Won’t do much in America where price gouging and political price fixing seems to be the norm with big oil. A butterfly will fart in Nigeria and cause a shortage of materials for processing cheap crude into low dollar gasoline… watch and see.
Meanwhile, for the 20th year in a row, big oil betters will receive unwarranted windfalls from high profits. Same ole same ole played on a loop. Big oil backs the right ONLY. When a dem takes office, gas skyrockets, yet nobody can explain why. When Trump causes stagflation, gas goes down, even though prices on everything else goes up…. Rigged much?
Won’t do much in America where price gouging and political price fixing seems to be the norm with big oil. A butterfly will fart in Nigeria and cause a shortage of materials for processing cheap crude into low dollar gasoline… watch and see.
Meanwhile, for the 20th year in a row, big oil betters will receive unwarranted windfalls from high profits. Same ole same ole played on a loop. Big oil backs the right ONLY. When a dem takes office, gas skyrockets, yet nobody can explain why. When Trump causes stagflation, gas goes down, even though prices on everything else goes up…. Rigged much?
Maybe but maybe not. Crude oil prices have dropped by 20% just since trump took office thanks to a major increase in production by OPEC+. Gasoline was just over $3.00 per gallon when trump took office. If the price of gas went down proportionately with the price of oil gas would cost about $2.40 a gallon now. How much is the price of gas where you live?
We both know his claim about gas being $1.98 a gallon was a lie.
It may all even out but as of now the price of gas hasn't decreased at the same rate as the price of crude oil.
Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.
The returns are beginning to show up so citizens can judge the Trump policies.
US Tariff Impact: Prices Surge At Walmart And Target, Employees Say—Some Jumps Top 38%
Bibhu Pattnaik Mon, June 2, 2025 at 5:30 PM EDT 3 min read [url=https://finance.yahoo.com/news/us-tariff-impact-prices-surge-213029707.html][/url]
The tariffs imposed by President Donald Trump are reportedly leading to significant price increases at Walmart Inc. (NYSE:WMT) and Target Corporation (NYSE:TGT) stores across the U.S.
What Happened: The Walmart employees have been sharing images on Reddit that depict a sharp rise in prices, with some items seeing a surge of up to 45%. Similar price hikes have been noted at Target as well.
For example, a Jurassic World T. Rex toy at Walmart saw its price increase from $39.92 in late April to $55 in late May, a nearly 38% increase. The price of a Baby Born doll shot up from $34.97 in March to $49.97 in May, an approximate rise of 43%.
In addition, a left-handed fishing reel’s price jumped from $57.37 in April to $83.26 in May, a 45% increase. AisleGopher, a third-party website that monitors Walmart prices, confirmed these price hikes.
Last Thursday, Target also increased the price of the Baby Born doll to match Walmart’s increased price. However, Target CEO Brian Cornell stated that price increases would be a “very last resort”.
As per the report by Insider, in reaction to the tariff-induced price hikes, Walmart CFO John David Rainey warned that prices would continue to rise on some items in the coming weeks and months. President Trump responded by suggesting that Walmart should “eat the tariffs.”
Why It Matters: The price hikes at Walmart and Target are a direct result of the tariffs imposed by the Trump administration. These tariffs, aimed at protecting domestic industries, are causing a ripple effect on the retail sector, leading to increased costs for consumers.
The situation underscores the complex interplay between trade policies and consumer prices, with retailers caught in the middle.
As the tariff war continues, consumers and retailers alike will be closely watching the impact on prices and overall market dynamics.
Economists Raise Questions About Quality of U.S. Inflation Data
Labor Department says staffing shortages reduced its ability to conduct its massive monthly survey [url=https://www.wsj.com/economy/cpi-inflation-data-accuracy-8bd2a8ae][/url]
By Matt Grossman Follow Updated June 4, 2025 3:27 pm ET
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