Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.
It’s already often the only option around. So many small businesses like local supermarkets and hardware stores got closed down in small towns by Walmart moving in and now there’s no alternative. I see it all over in central Indiana and Illinois.
Buying less, but they’ll be spending the same amount of money, barring rises in other expenses not directly related to tariffs (rent, utilities, etc). Their quality of life will simply go down. Wal-Mart doesn’t care about that. We could all be medieval peasants for all they care.
I’m sure they probably do - shit as Walmart is a depression in consumer spending is overall bad for them.
What are the customers going to do? Buy from someone else? Wal-Mart is already often the cheapest option around.
It’s already often the only option around. So many small businesses like local supermarkets and hardware stores got closed down in small towns by Walmart moving in and now there’s no alternative. I see it all over in central Indiana and Illinois.
No but they’ll buy less overall even from Walmart.
Buying less, but they’ll be spending the same amount of money, barring rises in other expenses not directly related to tariffs (rent, utilities, etc). Their quality of life will simply go down. Wal-Mart doesn’t care about that. We could all be medieval peasants for all they care.