Former President Donald Trump suggested during a campaign rally that Walmart should absorb the tariffs imposed on goods imported from China, rather than passing the costs onto consumers. He stated that Walmart could simply “eat” the tariffs, implying they have sufficient profit margins to do so. Trump argued that this would prevent price increases for American shoppers.
He criticized companies, without explicitly naming Walmart, for claiming tariffs were hurting consumers and forcing them to raise prices. Trump maintained that companies could choose to absorb the tariffs and avoid raising prices. He reiterated his belief that China ultimately pays the tariffs, despite economic consensus indicating that American importers typically bear the burden.
Trump’s comments reflect his long-standing trade policy stance, which involves using tariffs as leverage in trade negotiations. His remarks were made in the context of his 2024 presidential campaign, suggesting a potential return to similar trade policies if he were to be re-elected. The video highlights the ongoing debate regarding the impact of tariffs on businesses and consumers, and how political figures are addressing these economic issues during the campaign season.
find the original article here: https://finance.yahoo.com/video/trump-tells-walmart-eat-tariffs-190824789.html