He goes full Kamala Harris in demanding that the retail giant not raise prices
WSJ editorial. Excerpt:
"Mr. Trump’s flip-flop on price controls is a rebuttal of his own previous tariff claims. For months he’s said that foreign producers pay the full cost of tariffs. But now he’s admitting that Walmart, an American retailer, will have to eat some of the costs or pass them on to Americans.
Despite his business background, Mr. Trump doesn’t know much about retail. Walmart’s net profit margin is below 3%, so it doesn’t have much room to absorb the higher costs caused by tariffs. Retail competition is intense, and Walmart’s longtime comparative advantage has been lower prices."
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.