Economics

843 readers

96 users here now

founded 2 years ago

Walmart says it will raise prices due to tariff costs after posting solid first quarter sales (apnews.com)

submitted 3 weeks ago by MicroWave@lemmy.world to c/economics@lemmy.world

7 comments fedilink hide all child comments

Walmart’s first quarter profit slipped and it said it must raise prices due to higher costs from tariffs implemented by Donald Trump.

The nation’s largest retailers posted strong quarterly sales Thursday and said it expects sales growth of 3.5% to 4.5% in the second quarter.

Like many other U.S. companies, however, it did not issue a profit outlook for the quarter because of the chaotic environment, with stated U.S. tariff policies changing constantly. The company maintained its full year guidance issued in February.

you are viewing a single comment's thread
view the rest of the comments

[–] BigMikeInAustin@lemmy.world 6 points 3 weeks ago (3 children)

China isn't paying the tariffs. And companies aren't paying the tariffs. It all depends on the American consumer paying the tariffs.

[–] lolrightythen@lemmy.world 4 points 3 weeks ago

I'll be going without for as long as I possibly can - (not just Walmart). I'd expect them to be able to hold out for longer, but I've been training my whole life for this whereas they are just greedy assholes.

[–] sunzu2@thebrainbin.org 1 points 3 weeks ago

Clearly Walmart paid some tariffs last quater, 🐸

[–] meliodas_101@lemmy.world 1 points 3 weeks ago

Yes, that's how they work. The point of tarrif is to make the foreign goods expensive for consumer so that the cosumer would choose a cheaper alternative that is made in America but, when there are no alternatives. It's just another kind of tax from the consumer.