As I predicted, President Trump attacked Walmart today for telling the truth that they are being forced to raise their prices because of Trump's tariffs.
Trump continues to LIE to the American people by stating that Walmart does not need to pass on the cost of tariffs to consumers, and that Walmart and China should absorb the cost of the tariffs instead.
As I have reported many times, China does NOT pay the tariffs. They never have, and never will.
The business importing the products pays ALL of the tariffs which are collected by the U.S. Government at the port of entry in order to clear customs.
China, nor any other country's products sold in the U.S., pay these tariffs. The U.S. businesses ALWAYS pay them.
And while the China tariff stood at 145% for over a month, NOBODY was importing anything from China, and the effects of that are now being seen at the ports and throughout the U.S. logistics system, as tens of thousands of people are being laid off now.
For those, like Walmart, that are now resuming shipments with the current 30% tariff in place, they will have no choice but to raise prices to offset at least some of that 30% increase in their prices.
And yet, at least in MAGA land, people continue to believe Trump instead, as some conservatives are now calling for boycotts on Walmart.
In my 25 years of experience as a business owner importing goods into the U.S., I have NEVER seen anything like this, where an American president is demonizing American businesses for his own economic policies, and LYING to do so.
And, at least so far, there is this huge subset of the country who are choosing to believe the lies out of Trump's mouth, instead of the truth.
They will learn the hard way, soon enough, that rhetoric and lies do not affect the prices of the goods you purchase.
What does matter is called MATH. If a business does not sell their products at a cost that allows them to collect enough revenue to continue ordering more inventory to replace the inventory they are selling, they go out of business.
So the only choice American businesses have with these tariffs, is either raise prices, or go out of business.
