politics @lemmy.world · 16 hours ago

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

fortune.com

124

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

fortune.com

Jesus@lemmy.world to

politics @lemmy.world · 16 hours ago

124

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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They’re planning on 10-20% tariffs on all imports. China is 60%.

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