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