No shit.
thanks Walmart this is really good timing
They voted for nonsense looks like they are getting nonsense.
How will they call the new inflation and how are they going to pin this on not Trump. Curious how this is going to play out.
Ah, nice to see Lemmy wholeheartedly embracing our friend and source of truth, Walmart.
Tomorrow’s headline: “Amazon says worker conditions will be bad because of Trump”
I honestly don’t understand what this comment is trying to say. Lemmy is embracing something? Walmart is lying? Compared to Trump?
I mean, the headline is presented as, we can know the truth that Trump’s policy is bad, because Walmart says so.
Normally Lemmy would treat Walmart as a big corporation whose modus operandi is exploiting customers and workers for profit of the shareholders, and untrustworthy in practically anything they say. But, because it’s against Trump, suddenly they’re our ally and a reliable source.
“Walmart recorded $169.6 billion in total revenue during the third quarter of 2024, up 5.5% from the previous quarter. It recorded a 7.8% return on assets and had an operating income of $6.7 billion.”
This sounds like a statement to pretend the increase of prices is Trump fault instead of an attempt to maintain their growth.
No, it’s Walmart saying that any costs due to Trump’s tariffs will be paid by the consumer because they’re not going to take a pay cut to offset the costs.
Sounds like both to me. The genuine increase of price to customers due to Trump’s policy, presents an excuse for Walmart to seem good while prices increase, even while their aim is to aggressively maximise profits for themselves.
Like how energy prices in England have skyrocketed with the genuine fallout of the Russian Ukrainian war, but energy companies appear to have taken the opportunity to skim off extra profits for themselves.
In another news: Watch out for rain. From now on, it will be wet. ¯\_(ツ)_/¯
“Watch out for rain. From now on, it will be wet,” said by the company standing there with a running hose.
Gonna be real neat watching Republicans turn on corporate America and accusing them of price gouging when (for once) they’re not.
They won’t. Blame the last administration, rinse and repeat.
Is it just me, or is the article paywalled?
I feel like no one bothered to campaign against Trump… until… AFTER he won
Oh, I thought he was fixing inflation!
Wow, what a shocker! Who could have predicted how that turned out?
So nice of them to say this after the orange fuck was elected. Heaven forbid they tell their customers that when their customers could actually do something about it.
What incentive do they have to tell people that ahead of time? Instead of propping up the prices by 10% to deal with the tariff they can increase it by 20% and pocket the extra, then blame it on China. Worked during the Covid inflation, why wouldn’t it work now?
Oh I know they have none. I just love that they’re saying it at all – being silent on the matter until said tariffs come to pass would have at least given them the “duhhhh we’re dumb too we didn’t know that either, oh well” excuse.
It doesn’t even matter:
https://www.axios.com/2024/11/18/consumer-confidence-trump-republicans-white-house
Turns out, a lot of consumer mood is literally just people’s social media feeds. Even if prices go up and QoL goes down, on average, consumers might feel better simply because Trump being in office makes them feel good.
I am not going to point out how monumentally problematic this is… Nope. There’s definitely no bad precedent for that.
It’s crazy how so many GOP supporters didn’t know this…
They’ll still find a way to blame Team Blue for the inflation.
Don’t worry, at least Americans are, on average, in possession of endless piles of extra money after the last decade. Elon says it’s time for all of us to tighten our belts. We’re just so fat with all that money we’ve all been saving!
I’m so glad he and the other rich chucklefucks trickled so hard on us.
Welp,time to trade my cheaply made Chinese shit to expensively made cheap american shit.
Nobody here is surprised.
I figured everyone already knew this. Tariffs just screw consumers.
