Posted on 11/26/2024 9:10:36 AM PST by governsleastgovernsbest
On CNN This Morning, CNN senior political analyst Mark Preston warned that under Trump's proposed tariff increase on China, "when you go to Walmart, you're not going to get something for like $3.99. It's going to be $13.99."
That's a 250% price increase! Trump has proposed increasing existing tariffs on Chinese goods by only 10%. So Mark, where's the additional 240% coming from? CNN correspondent Jeff Zeleny agreed with Preston's absurd scaremongering: "Exactly."
Get the rest of the story and view the video here.
(Excerpt) Read more at newsbusters.org ...
Ping to Liberal Media Criticism list.
But the left hates Walmart and refuses to shop there, so why do they care?
No. No they won’t.
This is drama talk.
Math is not their strong suit.
I suspect prices will indeed rise. That’s a bad thing for struggle families in the Biden economy. Overall though Walmart will find new sources and likely they will be American made. When Sam was alive I think he prided himself in selling mostly American made stuff. That all changed to selling mostly Chinese stuff to fund the Chinese Communists.
We will have to go through a change back to US made and that will be painful for many. But if we don’t we will be doomed.
The lower energy costs will offset much of that. The dying old media machine likes to present just one part of an argument and induce FUD, it’s more intricate than just tariffs.
How do these economic ignorance’s ever get time on T.V. Absolute barbara streisand. There’s too much to explain about how economics and pricing works. Suffice it to say, NO prices won’t increase any where close to that percentage. Prices will likely decrease if “say” the price of diesel fuel goes down.
Fine, then I’ll just shop at Costco.
I look for products made in Vietnam. Most everything from there is pretty well made. Furniture and clothing.
CNN wants to get as many lies in as possible before they turn off the lights.
easy answer.
Make it in the USA.
So its time to return manufacturing to the United States!
Sounds good to me.
I was also amazed that this guy, who’s a “senior” analyst and a CNN VP, could have been so wildly off.
There are already tariffs on Chinese goods, and Trump is proposing to increase those tariffs by 10%. Even factoring in some CNN liberal bias, it’s absurd to suggest that prices would rise 250%!
Any wonder the CNN audience withers?
How does a 25% tariff translate to 250%?
so stock up on your favorite Chinese goods ,LOL
The China News Network is scared to death that President Trump is going to lay the wood to our enemies in China. If Walmart prices skyrocket, shop somewhere else. Most people in this country usually whine all the time about Walmart selling everything from China. If it says Made in China on it, DON’T BUY IT! That will cut down on how many tariffs our enemies have to pay so we can buy their crap.
There was a time, as I recall, when NOTHING, NOTHING was sold at Walmart that was made outside of the USA.
Walmart now sells mediocrity.
Yeah, short term prices go up, but there are not tariffs if the item is made somewhere else.
These idiots don’t get it. China is killing us.
But lets say that Trump gets rid of our income taxes, since we’re taken in enough money and along with costs cutting.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.