Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Beachnutt

(8,089 posts)
Wed Nov 20, 2024, 01:50 PM 16 hrs ago

'We're concerned': Walmart, Lowe's among latest companies to warn Trump tariffs could raise product costs

Yahoo Finance
Major American retailers Walmart (WMT) and Lowe’s (LOW) raised concerns that President-elect Donald Trump’s proposed tariffs would make their products more expensive, just as consumers are beginning to recover from the impacts of inflation.

Walmart CFO John David Rainey hinted in an interview with Yahoo Finance’s Brian Sozzi on Tuesday that Trump’s tariff promises would prompt the retailer to hike costs, pointing to the impact of higher tariffs enacted during the president-elect's first term under his “America First” agenda. “If we look back historically when tariffs were enacted seven years ago, it did result in higher prices for customers,” Rainey said.
snip
https://finance.yahoo.com/news/were-concerned-walmart-lowes-among-latest-companies-to-warn-trump-tariffs-could-raise-product-costs-090030254.html

7 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
'We're concerned': Walmart, Lowe's among latest companies to warn Trump tariffs could raise product costs (Original Post) Beachnutt 16 hrs ago OP
Doncha love J-9 16 hrs ago #1
Even if the tariffs didn't raise prices, they would use it as excuse to gouge the public. Irish_Dem 16 hrs ago #2
What I'd Do If I Suspected... TomJulie 15 hrs ago #4
Wow that is quite a mark up. Irish_Dem 15 hrs ago #5
Sure Is... TomJulie 10 hrs ago #6
When I order online I always save money. Irish_Dem 10 hrs ago #7
Bless their little fucking hearts. If someone with a sliver of a brain left convinces the pus sack Autumn 16 hrs ago #3

TomJulie

(102 posts)
4. What I'd Do If I Suspected...
Wed Nov 20, 2024, 02:58 PM
15 hrs ago

If I thought they were price gouging I'd buy from a different seller. There's a grocer about 1.5 miles from our home. My wife and I like Kraft Buttermilk Ranch dressing on some of the foods we eat at home. For a 16 oz bottle at our local grocer it's just over $7 for 1 bottle. This happened about 3 to weeks ago. They do have buttermilk ranch, 16 oz bottle for half the cost, but it's not Kraft. We like the Kraft brand. At a grocer about 10 miles from us, they carry Kraft. Same 16 oz bottle for $2.97. Guess where I go?

Irish_Dem

(57,309 posts)
5. Wow that is quite a mark up.
Wed Nov 20, 2024, 03:02 PM
15 hrs ago

They take advantage of people who may take the bus to the store, or walk, or rely on rides.
Some people may be stuck with the high prices.

And some times you can find the price of one item more reasonable in a store,
but their other items are higher priced, defeating the whole reason for traveling.

TomJulie

(102 posts)
6. Sure Is...
Wed Nov 20, 2024, 08:07 PM
10 hrs ago

YES!!! That's one heck of a markup. That's the most I've ever seen Kraft Buttermilk Ranch go for EVER. When we do go to the grocer about 10 miles away, we make a big list and grab everything on it so we won't have to come back a few days later. Sticking to only what's on the list is the hard part. We have a Walmart about 13 miles from us. Occasionally we go there and stock up on canned stuff. We do order quite a bit online from Walmart.

Irish_Dem

(57,309 posts)
7. When I order online I always save money.
Wed Nov 20, 2024, 08:09 PM
10 hrs ago

I did this during covid and after an injury and surgery.

I just order what I need.

But when I am in the store I always have to detour to aisles with some goodies.

Autumn

(46,280 posts)
3. Bless their little fucking hearts. If someone with a sliver of a brain left convinces the pus sack
Wed Nov 20, 2024, 02:26 PM
16 hrs ago

what tariffs will do these fuckers will still raise prices..

Latest Discussions»General Discussion»'We're concerned': Walmar...