Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.
Hearing more and more stories about companies cutting bonuses this year so they can buy more supplies now at cheaper prices. They know the prices will go up and they’ll have to pass the increase to the consumers. But how much you wanna bet these companies will still raise prices even before they have to pay their tariff increases? They’re gonna get extra money on the supplies they paid the lower prices on.
Your retail price is not predicated on what you paid to produce or obtain the product, it’s based on what you expect to have to pay to produce or procure the next one.
Hearing more and more stories about companies cutting bonuses this year so they can buy more supplies now at cheaper prices. They know the prices will go up and they’ll have to pass the increase to the consumers. But how much you wanna bet these companies will still raise prices even before they have to pay their tariff increases? They’re gonna get extra money on the supplies they paid the lower prices on.
I saw it explained best like this
Current imported price: $30
Current locally made price: $35
New imported price: $70
New locally made price: $69.99
…This is just normal basic business economics.
Your retail price is not predicated on what you paid to produce or obtain the product, it’s based on what you expect to have to pay to produce or procure the next one.