Walmart notified Chinese suppliers: Tariffs will be borne by us in the USA!
< p > Trump must be sweating cold! Walmart is putting pressure on Trump! The联合早报reported that Walmart and other retailers have notified Chinese suppliers: "Ship the goods, we will bear the tariffs in the US!" Walmart's stance is likely to make Trump sweat. Why do we say so? In fact, on April 21st, the CEOs of major US retailers such as Walmart, Home Depot, Lowe's, and Target had already met with President Trump at the White House.
During that meeting, the major US retailers discussed with Trump how to alleviate the destructive impact of current US tariff policies on the global supply chain and calm American consumers' unease about increased tariffs. During the talks, the retailers were very straightforward, directly warning Trump that tariffs and trade policies could disrupt supply chains, raise prices, and leave American shelves empty.
However, we found that after the meeting, Trump did not announce new exemptions or take concrete actions to cool down the trade war. After waiting for a week, Walmart sent a supply notice to our suppliers. To some extent, this action by Walmart and other large retailers is a vote of no confidence against Trump's tariff policy in practice. If the current tariffs are implemented, all costs will be borne by American consumers, and it is conservatively estimated that the prices of imported goods from China will double.
Will ordinary Americans be able to afford this price? If ordinary Americans have to bear the result of rising prices, it will likely have an even greater negative impact on Trump's approval rating. In fact, on the occasion of his first 100 days back in the White House, multiple polls show his approval rating has fallen to a new low. A Fox News poll also shows that Trump's approval rating is 44%, a record low, making him the president with the lowest approval rating after World War II among the first 100-day presidents. Undoubtedly, Walmart's move will transmit the impact of the tariff war to the US and ultimately to Trump himself.
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Original article: https://www.toutiao.com/article/1830523488565258/
Disclaimer: This article only represents the author's personal views.
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