Author Topic: Companies warn Trump trade war is about to hit consumers  (Read 995 times)

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Online mystery-ak

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Companies warn Trump trade war is about to hit consumers
« on: May 17, 2019, 10:39:41 pm »
Companies warn Trump trade war is about to hit consumers
By Niv Elis - 05/17/19 05:22 PM EDT

U.S. companies are speaking out against President Trump's escalating trade war with China, with major players such as Walmart saying tariffs are forcing them to raise prices on consumer goods for Americans.

The price hikes could complicate things for Trump as the 2020 campaign picks up. The president has repeatedly asserted that China, and not U.S. consumers, would pay the price of the trade war.


“There are some places where, as we get tariffs, we will take prices up,” Walmart Chief Financial Officer Brett Biggs said Thursday in an earnings call.

Macy’s CEO Jeff Gennette issued a similar warning, saying another round of tariffs would almost certainly hit consumers in their pocketbooks.

“When you do the math, it’s hard to find a path through that wouldn’t impact customers,” he told investors and analysts on Thursday. “It will affect a lot of apparel and accessories categories.”

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https://thehill.com/policy/finance/trade/444352-companies-warn-trump-trade-war-about-to-hit-consumers
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Offline IsailedawayfromFR

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Re: Companies warn Trump trade war is about to hit consumers
« Reply #1 on: June 16, 2019, 03:09:51 pm »
Once again, the anti-tariff crowd is wrong.

So who continues to believe we should rely upon prognosticators proven to be wrong vs hard facts?

‘Experts’ wrong again: Trump tariffs have not penalized American consumers
Quote
Ever since President Trump started using tariffs as a strategic weapon in restructuring our position in world trade from losing jobs, industries, and whole regions to one of strength across the board including a viable manufacturing sector, our elites discovered a brand new concern for working class Americans. Those “people of Walmart” they normally scorn are doing to be penalized by skyrocketing prices for clothes, appliances , and other consumables because of Trumps tariffs.

Economic theory is great in the abstract, using unassailable logic and fundamental principles grounded in reality. But human beings and their collectivities are complex, and often intervene in the economic sphere for reasons unrelated to the logic of economics.


Thus, the almost universal establishment criticism of President Trump’s use of tariffs to force those who exploit us with high tariff and nontariff barriers to our exports into a more reciprocal relationship. His stated goal of moving toward a world in which tariffs are not necessary is widely ignored, and his choice of tariffs as a strategic tool is castigated “protectionism” and worse.

And we’re going to suffer, because Orange Man Bad.

Except that we’re not suffering, and the data show that simple (-minded) economics predictions have proven false. Import prices have declined, not risen.

https://www.americanthinker.com/blog/2019/06/experts_wrong_again_trump_tariffs_have_not_penalized_american_consumers.html
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Online kevindavis007

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Re: Companies warn Trump trade war is about to hit consumers
« Reply #2 on: June 17, 2019, 01:38:06 pm »
Once again, the anti-tariff crowd is wrong.

So who continues to believe we should rely upon prognosticators proven to be wrong vs hard facts?

‘Experts’ wrong again: Trump tariffs have not penalized American consumers




Hooray for higher prices!
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Re: Companies warn Trump trade war is about to hit consumers
« Reply #3 on: June 17, 2019, 02:37:24 pm »
Gee CEO's of retailers preaching doom and gloom. 

Hey Biggs....Go back to pushing the $15 min wage you putz.  That will drive up prices more than anything.
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