Posted on 04/04/2025 4:26:43 PM PDT by ChicagoConservative27
Big retail has announced its displeasure with President Donald Trump’s America First policy of reciprocal tariffs.
On Wednesday, on what Trump has dubbed “liberation day,” he announced a sweeping reciprocal tariff policy, hoping to right the wrongs of decades of unfair trade policies with countries across the world.
Many would think that corporate America, hoping to better the nation’s workers, would embrace the trade policies that would put American on a more even footing with its trading partners given that corporate America had embraced his America First agenda in January.
(Excerpt) Read more at breitbart.com ...
You mean all of the places who buy crap from China and who put all the local shops out of business? Do they mean those people?
Too bad.
Cost of hawking cheap crap from China to people paying with EBT cards has just gone up.
Corporate America only cares about Corporate America.
With all those years of low interest rates, how much of Corporate America participated in stock buy-backs artificially inflating their stock valuation while skimming off HUGE corporate executive bonuses?
Workers? They don’t need no stinking workers. They just need high stock value.
Thats what I’m thinking.
Of course, most of their inventory came from China.
Name a few others if you please.
Normal pains and to be expected. Big retail will feel it so they are complaining. Tariffs came in before time was given to build up American manufacturing. But even if Trumps plan put a timeline on it, big retail might gamble that it’s a bluff or will get repealed. So Trump had no better option to start it now so there’s no thought of a bluff. And so now the pains happen. Hopefully more countries negotiate the tariffs down by lowering their own.
This changes everything.
Wait, wait. This changes nothing.
I think that I pretty well understand what Trump is attempting to do by adjusting the tariffs in order to level the playing field. The foreign country either drops the tariffs altogether or we will have an equivalent tariff imposed on any of their products. On the other hand what happens if a foreign government will subsidize their product, for example steel to make it cheaper than we can produce it locally. What would our reaction be? Will we be right back to another round of new tariffs? Just wondering.. thanks for any reasonable answer.
I worked at their corporate HQ for 5 years about 20 years ago. It doesn’t surprise me in the least. Wally buys a ton of crap from China (so does Target). I urged them to diversify their supply chain back then by asking what would happen if 1 missile flew over the Taiwan strait. But nobody wanted to do that and hey, they could get cheap stuff in China. Well is not gonna be so cheap anymore. Now they will have to diversify their supply chain but its gonna be painful because they will have to move on that really fast.
The husband of one of Sam Walton’s daughters was on some committee to elect Biden in 2020. The Big Retailers have been totally reliant on China for some time.
Government subsidies should go into the equation. But it sounds like the current formula just looks at trade deficit, not actual tariff rates or other trade barriers.
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