politics @lemmy.world · 1 day ago

Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will

fortune.com

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Walmart just leveled with Americans: China won’t be paying for Trump’s tariffs, in all likelihood you will

fortune.com

Jesus@lemmy.world to

politics @lemmy.world · 1 day ago

187

cross-posted to:
news@lemmy.world

Trump promised voters tariffs are a panacea for the economy, but Walmart finance chief John David Rainey warned they will be inflationary for customers.

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And beyond that, it will incentivize further automation rather than more blue collar jobs.

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