As Walmart Tells The Ugly Truth About Tariffs, Wilbur Ross Has A Propaganda Party With Maria Bartiromo

As Walmart Tells The Ugly Truth About Tariffs, Wilbur Ross Has A Propaganda Party With Maria Bartiromo

The good news is that Walmart posted its best Q1 in nearly a decade - at least in terms of comps, which jumped 3.4% during the first quarter, as average ticket shouldered the burden (again). The bad news is, "tariffs are coming", to borrow Trump's silly Game of Thrones cadence Here's what CFO Brett Biggs said on Thursday morning (there's a bit more color from Reuters here): We will do everything we can to keep prices low, but increased tariffs lead to increased prices. It’s very item and ca
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One thought on “As Walmart Tells The Ugly Truth About Tariffs, Wilbur Ross Has A Propaganda Party With Maria Bartiromo

  1. I see the projected impacts of the tariffs on GDP. The projections seem tragically low though. I think we could see the US economic engine seize. 25% input/wholesale cost increase = massive reduction in end consumption. Price shock will likely have a doubling effect on consumer psychology. People will stop spending and simply wait it out (2020 is calling).

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