this post was submitted on 23 Nov 2024
632 points (98.3% liked)

News

23397 readers
4875 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 83 points 3 days ago* (last edited 3 days ago) (2 children)

The fact that they're sending this message now means they will use this as an excuse go raise the prices even higher than nessesary to increase their profit margin. If they really cared about consumers then they should have been yelling from the treetops BEFORE the election.

[–] [email protected] 55 points 3 days ago* (last edited 3 days ago) (1 children)

They said this the last time it happened... During his last presidency.

https://www.reuters.com/article/business/walmart-says-higher-china-tariffs-will-increase-prices-for-us-shoppers-idUSKCN1SM18X/

Walmart Chief Financial Officer Brett Biggs said in an interview that higher tariffs will result in increased prices for consumers.

If only someone else said something about how bad these tariffs would be...

https://www.piie.com/blogs/realtime-economics/2024/trumps-proposed-blanket-tariffs-would-risk-global-trade-war

https://amp.miamiherald.com/opinion/article292867514.html

https://apnews.com/article/harris-economy-ceos-trump-rule-of-law-tariffs-2dd224c63fb4dae47438b6599cc5a968

https://www.cnbc.com/amp/2024/09/09/economist-calls-trumps-threat-to-tariff-countries-that-shun-the-dollar-a-lose-lose.html

https://www.euronews.com/business/2024/11/04/how-much-could-trumps-tariffs-damage-europes-economy

https://abcnews.go.com/amp/Business/would-trumps-tariffs-trigger-global-trade-war-experts/story?id=114887448

https://thehill.com/opinion/finance/4938752-trump-economic-policies-impact/amp/

https://amp.cnn.com/cnn/2024/10/16/politics/trump-fact-check-john-deere-economy

https://www.semafor.com/article/10/18/2024/what-are-the-consequences-of-trumps-tariffs

https://www.businessinsider.com/trump-tariff-threat-john-deere-economists-baffled-2024-9

https://fortune.com/2024/08/16/trump-tariffs-trade-war-inflation-economic-policies-joachim-klement/

https://www.cbsnews.com/amp/news/yellen-speech-tariffs-will-increase-inflation-risk-trump/

[–] [email protected] 10 points 3 days ago (2 children)

I'm not saying no one was warning us against tarrifs, just pointing out that Walmart specifically waited until after trump was elected (apparently twice now) to announce their warning about tarrifs.

[–] [email protected] 2 points 2 days ago

Ah, well let's hope voters don't need a third warning just from Walmart to realize the danger the next time this pops up.

[–] Hathaway 4 points 3 days ago (1 children)

Walmart doesn’t have an obligation to educate the American electorate.

[–] [email protected] 6 points 3 days ago (1 children)

Yes that is true, so ask yourself why they would make such announcements after they know it won't change anything. Best case scenario they are trying to save face for when the tarrifs drive up prices. Worst (and IMO most likely) case is that they use it as an excuse to further increase their profit margins, much like they and other stores did when there was an increase in inflation.

[–] Hathaway 3 points 3 days ago

While I don’t disagree, from a business standpoint, yeah, exactly what you said, the reality is they’re coming. When prices go up, they just told everyone who to blame, rather than trying to deflect after having to raise prices.