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Trump tells Walmart to 'eat the tariffs' instead of raising prices (www.reuters.com)

submitted 1 week ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml

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[–] freagle@lemmygrad.ml 6 points 5 days ago (1 children)

Keeping the costs low means the tarrifs will have no effect. The point of tarrifs is to increase the cost and make domestic products more attractive to consumers. Having Walmart eat the cost of tarrifs means that foreign products will retain their price competitiveness with domestic products and result in absolutely no domestic investment in production.

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[–] yogthos@lemmygrad.ml 3 points 5 days ago

The whole policy is deeply incoherent.

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