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Walmart sucks up 10% of China's exports, that's roughly $20 billion a year

Hey Swanky, even your mathematically challenged buddy here says that WalMart's purchases from China are only $20 billion. Now if WalMart bought $220 billion last year, Chinese purchases made up about 9.1% of the total.

For you public school math students, 9.1% is less than 100%. I'd even go so far as to say much less than 100%.

Quote: Hey Swanky, even your mathematically challenged buddy here says that WalMart's purchases from China are only $20 billion. Now if WalMart bought $220 billion last year, Chinese purchases made up about 9.1% of the total

I'm going to use the argument that Paul Ross brought up that the 20 billion they bought is really 80 billion in the true US dollar equivalant.

My local walmart has way more than 10-15% of it's goods made in china. More like 65-75%.

Hey Toddster why won't you take me up on my bet that my local WM has 65-75% of it's products that say made in China on them??? You keep on hedging and make snide remarks.
I know I have won this bet. As before I will even pay you lodging and travel expnses. However bring $1000 in cash.

You're the one mathematically challenged.

Walmart Annual report (PDF)

Walmart didn't buy $220 billion last year, you make up figures on the fly and scream at others. Go do some research (as if). But I'll point out your mistakes for you.

Page 18.

2004
Net Sales: $256,329,000,000 (Walmarts domestic and foreign and SAMS clubs)
Cost of Sales: $198,747,000 (note this includes transportation, inventory and other such related expenses)

Operating & Admin expense: $44,909,000,000

Page 20:
The Walmart international segment made up 18.5% of total sales, or in other words: $47,420,865,000

Further note: large chunk of sales are in food items (Walmart Co sells 18% of all groceries in the US) in Walmarts and much higher in SAMS.

Newell Rubbermaid is the largest producer of consumer rubber products in the United States, and Wal-Mart sells by far the largest volume of Rubbermaid products of any retail store. In January 2001, Joseph Galli was appointed the new chief executive officer of Rubbermaid, and he and his staff had an intensive series of meetings with Wal-Mart management on what products Rubbermaid should bring on line, including Wal-Mart's not-so-subtle suggestions about the price of the products. Since January 2001, Rubbermaid has shut down 69 out of its 400 facilities, and fired 11,000 workers. The equity research director at Associated Trust & Co., C. Mark Heaseldon, bluntly stated the reason, "To be able to meet the demands from key customers, like Wal-Mart ... [Rubbermaid has] to become competitive in price." He added that Galli would have to "shift about 50% of production to low-cost countries." This could force the closure of an additional 131 Rubbermaid facilities, and the firing of an additional 20,000 workers.

General Electric is one of the five biggest companies in America and the biggest producer of appliances, such as dishwashers, refrigerators, stoves, and TVs. The biggest outlet for GE goods is Wal-Mart. During the last few years, GE has conducted a large amount of outsourcing. The IUE union, which represents GE workers, has estimated that during the last five to seven years, GE has fired more than 100,000 workers, one of the nation's biggest outsourcing massacres. Most of this work was outsourced to Mexico, China, and Asia in general.

At Masterlock, 250 union workers lost their jobs in 2000 when Wal-Mart suddenly dropped the company's products and switched to an offshore, low-wage competitor.

Levi Strauss is one of the biggest manufacturers of jeans and denim products, including the line of Docker slacks. Wal-Mart is the biggest retailer of Levi Strauss products. During the past 18 months, after meetings with Wal-Mart, Levi Strauss announced it will shut down its four remaining production plants in North America and shift the work to Ibero-America and Asia. Several hundred jobs will be lost.

Dial Soap sells 28.3% of its production to Wal-Mart. Under Wal-Mart pressure, Dial is shutting down its Compton, California plant and shifting work to Argentina.