The American Lukashenko supporters are clueless about tariffs. Oh the fuck well, let them pay more for products in every single red run welfare Oblast in the USA. Like many have typed, those prices are not going to decrease.
And once the trade war is done, the prices will remain higher due to “record profits” and “people will continue to pay it because they have to”.
Just more displaying that the rich, and particularly rich people like trump, live in the land of mo consequences. They make demands that others pay for, never themselves, and when underlings defy them they become furious. Walmart CEOs are underlings, now.
Wal-Mart just does not give Trump any respect. /s
Does Walmart even wear a suit? A lot of people are saying they don’t. Good people
Man he really is the American lukashenko D:
Why not refund the taxpayers cost of tariffs from the tariffs collected? Tariffs are being broken out on invoices, file the tariff tax as deductions on 1040’s. It would be a wash for the taxpayers.
Canada tried that with a carbon tax
People weren’t able to understand the two were related
That seems convoluted but also as stated it wouldn’t be a wash.
A deduction means pretend that portion of income never existed and the taxable portion of it is not charged.
Then generally the deduction has to be above the standard deduction to make sense to use, and the standard deduction is just so high nowadays.
So if you claimed a hypothetical deduction of 1,000, then you reduce your tax burden by only 200 or so, assuming you otherwise had like 20 some odd thousand in deductions to get you close to the standard deduction.
The only way it would be a wash is if it were a refundable tax credit with no qualifications, and that almost never happens for anything. I could imagine a non refundable credit that would make it a wash for anyone with sufficient tax liability.
However, this would make the tariffs an utterly pointless needless complication, needing a whole lot more accounting by sellers and consumers just to get to a similar and simpler position of not doing the tariffs in the first place.
If the tariffs are immediately refunded, why collect in the first place?
Well you see the problem here is that you’re using your brain and well we just can’t be having that
Walmart should put up price tags showing how much of the price is “Trump Tax”.
Anyone else suffering from faux rage exhaustion?
It’s a welcome diversion from the weekly “MAGA meltdown.”
Yes.
This asshole isn’t dead yet?
8647
Thoughts and prayers.
Thoughts and Tarrifs
Dear 47, tariffs are essentially sales taxes based on origin rather than point of sale. If a business has, lets say, a 2.5% profit margin they cannot “eat” tariffs larger than that because to do so would defeat the purpose of being in business (to make profit) in the first place, and said business would soon be bankrupt. I know you know what that is, having numerous failed business’ yourself.
casinos were done on purpose to launder russian money through his properties.
tariffs are essentially sales taxes based on origin rather than point of sale.
I’m guessing this will make sales taxes go up too. We are now paying taxes on the taxes.
It will. Sales tax is a percentage of retail price and prices are going up.
I just looked earlier today at WalMart’s self- reported profit margin for FY 2024, and it was approximately 4.2%. I had much the same thought. Even if tariffs are only raised by 10% on their imported products, that has the potential to completely disappear their profits. I’m enough of a socialist-leaning person to need to point out this: The American conception of corporations only purpose being profit machines has only existed in its current form since he 1980s, and is not an absolute law of economics. However, I’m certain that Trump is only interested in making Trump look good.
“Bah! They can make it up in volume!” - Trump probably
I thought tariffs are a tax on other countries that they have to pay? And even if that’s wrong, it’s wrong for companies to raise prices when goods become more expensive. /s
Wow. I used to think he just couldn’t stop lying about tariffs…
But now I’m convinced he has NO idea what they are or how they work… NONE
I was convinced of that from the start. The language he used, I’m pretty sure he’s under the impression that the country you levy a tariff against is the one that pays it. Basically “make Mexico pay for the wall” part 2.
he treats them like his court cases, he thinks tariffs are a way to bully people to do what you want. he has no idea the economic implications of it. also hes doing it as a behest to putin.
I think he at least roughly understands the economic implications, he just doesn’t care. He’ll just crack to the rhetoric, blame everyone else for the problems, and assume his fan base will eat up every word and let him continue.
Falling that, he just goes all in on ignoring elections and count upon the system to let him do that like it’s a woman with a pussy to grab.
He is exceptionally stupid.
“Donald Trump was the dumbest goddamn student I ever had.” - Professor William T. Kelley, Wharton School of Business and Finance
and his dad the equally reprehensible fred trump, had to donate a significant amount to get him into his “2nd rate school”
“This guy is a fucking Moron…”
—Rex Tillerson, Trump’s handpicked (first) Secretary of State
Yeah everyone tries to convince me he’s smart and the ignorance is an act but I don’t buy it. He truly is mega dumb.
He’s an idiot-savant. A total moron with a special talent for self promotion. Which it turns out gets you very far in life (along with the head start one gets being born wealthy).
It’s really just the born wealthy. Your family is the biggest factor in success. That’s why so many rich fucks are dumb as posts, they’re born rich; they didn’t earn it, and they’ve never had to develop problem solving skills because they’ve never faced adversity.
hes also a very lazy rich person in the way he earns his money. he only does it by scamming which involves lying. if he had invested in a fund i think he would be close to 100bn richer.
Yeah Trump could have been richer if he just did passive investing. He was born with the bases loaded then bitches about the fact it wasn’t an automatic grand slam. We shouldn’t expect much from a guy who bankrupted both a casino and university.
someone said if he did an index fund he would be very close if not surpassed 100bn. instead hes always in debt, which made him pretty easy to manipulate by the russians.
Yup, see Elon Musk
No, he’s just profoundly mentally ill. His narcissism is a singular force of nature.
Self promotion is a lot easier with a super rich daddy opening all the doors for you from jump. Don’t forget he’s a hardcore nepo-baby.
not hard enough for him to get into ivy league school, he had to pay extra to get him into the next best school that would take him.
By that, I ask what smart thing has been done?
He developed a cult of personality around himself of significant size and used it to seize one of two pillars of political power in the USA, which then propelled him to power twice. Not smart as in “good for the world,” but pretty successful in the, “empowering and enriching oneself at the cost of the commons” sense.
yo
he was smart enough to recognize his supporters were so dumb, they were easy to manipulate. trump, himself is a scamming, found the easiest people to scam, conservatives, its also why they love crypto.
And now he’s smart enough to see that he can just ignore rules and laws. If no one is willing to enforce them, they’re just for “losers and suckers”
He’s not though, he hires smart people and evil people while being a cult leader. He’s not test smart, but he is the president of the US and it happened twice.
That’s the thing about spending 70 years lying and having someone else fire anyone that disagrees…
You start believing it all.
Same shit happened to Elon and loads of other rich people, they stop getting real feedback and understanding that they’re being lied to.
The honestly believe their own bullshit, and they just don’t know how to react to the truth.
We saw it with the interview about the ms13 tattoo, trump doesn’t even know how to argue anymore, he’s used to everyone just agreeing with him, so when they don’t his only argument is “why aren’t you saying what I want you to say, do you not understand what I want you to say?”
Because that’s the only time they hear what they dont want to; when the person talking to them is confused about what they want to hear
that’s the only time they hear what they dont want to; when the person talking to them is confused about what they want to hear
Sums up the online right and the futility of debating or arguing with them in any real fashion. This is the culture of JD Vance and Andrew Tate.
That’s a bingo!
Walmart made BILLIONS OF DOLLARS last year, far more than expected.
Under Joe Biden’s absolutely terrible, awful, most baddest saddest America-lastest economy?
The price is no longer right
What the fuck do you think businesses are gonna do? Their costs went up. Planet Money podcast had an interview with a small business owner that had to pay the 145% tariff on her imports ordered before the tariffs went into effect. On a $30,000 shipment, that’s an extra $43,500. You think businesses are gonna keep prices the same and eat that? They will go bankrupt.
This is one of the most glaring problems with tariffs. Companies raise their prices and the tariff becomes basically a tax on the people. But within that is hidden the fact that gigantic companies can often hold off on raising prices because they have the money to deal with it in the short term and the massive markets to pull in discounted prices from suppliers. The result is humongous businesses like Walmart keep their prices low through the tariffs while your mom and pop shop down the street has no choice but to raise prices or go out of business cause they don’t have the kind of margins bigger companies do. They raise their prices, everyone flocks to huge businesses like Walmart who kept their prices lower, then mom and pop close up shop cause they aren’t selling anything at the higher prices. Then Walmart can do whatever they want cause they just tagged tariffs into the ring and murdered the competition. Tariffs have their place but they largely suck ass in a multitude of ways.
This just happened to adafruit too
https://blog.adafruit.com/2025/05/08/high-tariffs-become-real-with-our-first-36k-bill/
Yeah I’ve noticed my parts have gone up in price.
