fukhueson@lemmy.world to

News@lemmy.world · 26 days ago

Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will

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Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will

fukhueson@lemmy.world to

News@lemmy.world · 26 days ago

cross-posted to:
[email protected]

Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.

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el_bhm@lemm.ee
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26 days ago
They are also super easy to explain. It is a tax. That is increasing yet another tax - vat.
- pfwood178@sh.itjust.works
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  26 days ago
  USA doesn’t have VAT
  - el_bhm@lemm.ee
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    25 days ago
    Cool. Sales tax then. Almost the same thing. Consumer pays it.

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