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 ...
Explain to me how tariffs won’t drive up prices.
Conservatives can be such a fickle bunch when it comes to tariffs and taxes. If a democrat does it, it raises prices and that’s a proven truth. But when a republican does it...it won’t?
If I am a China business person or even an American producer looking at a 25% tariff at port of entry, why wouldn’t I adjust pricing to offset that tax?
We've already learned to buy cheap China crap over the internet, so . . . . .
Maybe Walmart products will have to move their manufacturing back to the US
that took 2 seconds to figure out...
Because they are not going to be “dumped” on the market. They will be used as as stick to get the countries to “move” in their negotiations.
People have to stop focusing on the bluster, and more on the actions. Trump used tariffs effectively the first term. Why would it be different now?
My brother called yesterday (he’s a democrat) and said he heard Trump was increasing tarriffs on China to 100%.
There is an ABC article on this, I guess that’s the plan.
I told him to wait and see how it all goes.
How can 25% tariff raise prices by 250%?
Somebody doesn’t understand market forces.
They must have gone to the Brian Williams school of math.
I hope WM stops buying from China even if it cost more.
For me, Costco and Sams Club are TWO hrs away - no matter which on I go to. I wish they would build closer.
Exactly! I further suspect that the producers in China will simply eat the tariffs, temporarily at least, to avoid losing their market here. Without an outlet for its goods, China is looking at ruinous deflation, a fate it cannot afford.
Guy sounds just like a Free Republic Free Trader.
Maybe they can give tomorrow’s Lotto numbers while they are at it.
Prices wont rise significantly. Profit margins will shrink. The consumer will barely notice.
I CAN GUARANTEE NO ONE AT CNN HAS ANY ACCOUNTING TRAINING.
OMG! We’re all gonna die!
I am looking forward to the day that Elon buys CNN and then dissolves it.
But raising corporate taxes never affects prices.
Walmart will find new providers
This is how I ensure my money is well spent.
I grocery shop at Walmart and Aldi’s. Almost of the groceries I buy are from the USA (real bratwurst and sauerkraut excepted).
I don’t buy clothes, trinkets and other merchandise at brick-and-mortar stores.
I use Amazon or Ebay for those other kind of things—after searching for the best price and ratings and free shipping.
A little work guarantees a good deal.
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