Wal-Mart Executive Warns: “Higher Tariffs Will Lead To Higher Prices For Customers”

Wal-Mart Executive Warns: “Higher Tariffs Will Lead To Higher Prices For Customers”

Walmart has said that prices for shoppers will rise due to higher tariffs on goods from China, joining other retailers in warning consumers of cost hikes for imports.

‘Higher tariffs will lead to higher prices for customers,’ Walmart Chief Financial Officer Brett Biggs said on Thursday following the company’s report on its first quarter results.

At this moment, it would be difficult to overstate how angry the Chinese are at the Trump administration.  The Global Times is a mouthpiece for the Chinese government, and they just published a scathing editorial in which they accused Trump of “a declaration of war on China in the economic and technological fields”.

via theeconomiccollapseblog.com Wal-Mart Executive Warns: “Higher Tariffs Will Lead To Higher Prices For Customers”