23/11/2024
Carl Gibson in Saturday's Chimp: "Fortune reported Friday that Walmart's finance chief, John David Rainey, has acknowledged that new tariffs would likely be passed on to the people buying goods imported from overseas. Currently, anywhere from 70% to 80% of goods sold at Walmart are made in China, and could be affected by potential new tariffs. In September, PBS reported that Trump proposed tariffs as high as 60% on imports from China, and 20% tariffs on products made elsewhere."
Walmart — the world's largest retailer — is now issuing a warning to customers that they may be paying more for the same products if President-elect Donald Trump makes good on his promise to impose new tariffs on imports.