Skip to content
Search AI Powered

Latest Stories

Trump's Tariffs Cause Price Increases At Walmart

Trump's Tariffs Cause Price Increases At Walmart
UpgradedPoints.com

These tariffs are going to be felt all over the world, not just in the United States.

Remember when Donald Trump started a trade war with China? According to the president, the tariffs on Chinese goods are "working big time." Based on a warning from Walmart's senior director for global government affairs, Sarah F. Thorn, Trump's assertion may not be accurate.


In response to a new round of tariffs placed on imported goods from China, Walmart stated it may need to pass along the buck to the consumer. "This round of tariffs could impact a significant number of common consumer items that are not easily replaceable," Thorn explained in a letter to the U.S. Trade Representative. "The immediate impact will be to raise prices on consumers and tax American business and manufacturers."

CBS News reports that the White House escalated the trade war, adding "tariffs of 10 percent on another $200 billion on imported Chinese goods." The additional tariffs come just weeks before the holiday season on Sept. 24. By Jan. 1, 2019, the penalty on Chinese imports will rise to 25 percent.

To clarify, those tariffs mean every time a company like Walmart imports goods from China, they're paying a higher tax. In Walmart's letter, the company explains that nuts, grains, luggage and handbags, leather apparel, hats, hand tools, lighting, napkins, toilet paper, and vacuum cleaners are among the long list of items that may see a price increase.

The tariffs are an alleged attempt by Trump and his administration to return industries back onto American soil. According to Trump, the tariffs would make the United States a "much stronger, much richer nation."

Unfortunately, it appears as if those tariffs are going to backfire on consumers. With more money being spent on making up the taxes and price increases imposed by corporations, there won't be anything left for consumers to sink into the industry's Trump hopes to bring home.

Walmart, among other companies, hope that the trade war ends in a suitable solution for both nations with no impact on the consumer. "We are concerned about the impact on U.S. suppliers, consumers and manufacturers, as well as families around the world," Walmart's letter states.

Walmart is far from the only company against these tariffs. More than 80 associations came together to form the Americans for Free Trade. The organization represents "thousands of businesses and workers" and has started to make consumers aware of where the tariffs are doing more harm than good.


On the "Tariffs Hurt the Heartland" website, Americans for Free Trade uploaded a searchable map that links to stories from farmers and local businesses that explain how the tariffs are hurting them. "While we agree that there are issues that need to be addressed with key trading partners, tariffs are the wrong approach to bring about meaningful change," the organization wrote in a letter to House Speaker Paul Ryan and Minority Leader Nancy Pelosi.

H/T: CBS News, Institute for Policy Innovation, CNBC, Vox, Sputnik News, Tariffs Hurt

More from People/donald-trump

gray knitted beanie hat
rocknwool on Unsplash

Random Skills People Think They Could Make A Living Doing

Hustle culture is a lifestyle that prioritizes work over self. In hustle culture, even hobbies must be done for profit.

Enjoy knitting? You should be selling your creations online. Like to bake? Find a way to sell your culinary creations.

Keep ReadingShow less
Woman's Story Of Getting Called A 'F***ing Socialist' For Kind Shopping Cart Gesture Has TikTok Cackling
@heyyyyitsray/TikTok

Woman's Story Of Getting Called A 'F***ing Socialist' For Kind Shopping Cart Gesture Has TikTok Cackling

A woman extended a kind gesture to an elderly stranger at a grocery store and got the worst reaction for it, and it prompted her to share the shocking encounter immediately on TikTok.

Ray, a.k.a TikToker @heyyyyitsray, posted the video with the text overlay that read, "Storytime: Grocery shopping at Aldi."

Keep ReadingShow less
JoJo Siwa
@pinknews/TikTok

JoJo Siwa Sparks Backlash With New 'Gay Pop' Tattoo—And Her Fans Have Jokes

The former child reality star JoJo Siwa is all grown up and continues to be a polarizing figure in the entertainment industry with her eye-raising antics and bonkers statements on social media.

Her latest stunt was getting a tattoo of the words, "CEO OF GAY POP," a reference to a statement she made expressing a desire to "start a new genre of music" she would call "gay pop."

Keep ReadingShow less
Trinity Rodman; Dennis Rodman
Bill Barrett/ISI Photos/Getty Images; Ethan Miller/Getty Images

Soccer Star Trinity Rodman Opens Up About Fractured Relationship With Dad Dennis Rodman

Former NBA star Dennis Rodman is one of America's most famous sports legends, but according to his daughter, he's a better athlete than a father.

Rodman's daughter, soccer star Trinity Rodman, recently spoke out about her famous dad on the Call Her Daddy podcast, and it wasn't particularly flattering.

Keep ReadingShow less
Screenshot of Elton John and Stephen Colbert
The Late Show with Stephen Colbert/YouTube

Elton John Jokes About Why His 'S**t' Birth Name Was Actually 'Spot On'

Legendary singer Elton John explained during an appearance on The Late Show with Stephen Colbert that he hated his birth name Reginald but that it fits him nonetheless given his sexuality.

John, born Reginald Kenneth Dwight, reflected on the transformation that propelled him to stardom, emphasizing the importance of shedding the name given to him by his parents to forge his own identity.

Keep ReadingShow less