Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.
What incentive do they have to tell people that ahead of time? Instead of propping up the prices by 10% to deal with the tariff they can increase it by 20% and pocket the extra, then blame it on China. Worked during the Covid inflation, why wouldn’t it work now?
Oh I know they have none. I just love that they’re saying it at all – being silent on the matter until said tariffs come to pass would have at least given them the “duhhhh we’re dumb too we didn’t know that either, oh well” excuse.
What incentive do they have to tell people that ahead of time? Instead of propping up the prices by 10% to deal with the tariff they can increase it by 20% and pocket the extra, then blame it on China. Worked during the Covid inflation, why wouldn’t it work now?
Oh I know they have none. I just love that they’re saying it at all – being silent on the matter until said tariffs come to pass would have at least given them the “duhhhh we’re dumb too we didn’t know that either, oh well” excuse.