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jpak

(41,760 posts)
Fri Sep 21, 2018, 11:35 AM Sep 2018

Walmart reportedly warns Trump's trade war will hit regular Americans hard

Source: AOL.com

Trump's trade war, saying it is "very concerned" about the possible impacts the newly announced tariffs will have on American consumers.

In a letter to US Trade Representative Robert Lighthizer, the company — which employs 2.3 million people worldwide, and 1.5 million in the US alone — said the immediate impact of the fresh tariffs "will be to raise prices on consumers and tax American business and manufacturers," according to a report from CNN Money.

"As the largest retailer in the United States and a major buyer of U.S. manufactured goods, we are very concerned about the impacts these tariffs would have on our business, our customers, our suppliers and the U.S. economy as a whole," Walmart wrote, according to a separate report from Reuters.

CNN Money reports that in its letter — sent around two weeks ago — Walmart asked Lighthizer and the Trump administration to reconsider putting tariffs on Chinese-made consumer goods including: Christmas lights, shampoo, dog food, luggage, mattresses, handbags, backpacks, vacuum cleaners, bicycles, cooking grills, cable cords, and air conditioners.

<more>

Read more: https://www.aol.com/article/finance/2018/09/21/walmart-reportedly-warns-trumps-trade-war-will-hit-regular-americans-hard/23534829/

31 replies = new reply since forum marked as read
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Walmart reportedly warns Trump's trade war will hit regular Americans hard (Original Post) jpak Sep 2018 OP
Looks like the worlds LARGEST mfg of diesel engines, Cummins, could go down too Eliot Rosewater Sep 2018 #1
The reason is to drive us down and buy us at basement bargain WhiteTara Sep 2018 #6
Worse, she gave ONE speech. Eliot Rosewater Sep 2018 #14
Never forget he foisted Nadir off on us in 2000 WhiteTara Sep 2018 #18
+1, plus we never got any proof that Hillary was transmitting R B Garr Sep 2018 #29
Russia already has Cummins licensed diesel engine factories... IthinkThereforeIAM Sep 2018 #8
Even if Cummins pulled its license, Russia would be okay jmowreader Sep 2018 #11
They dont need them, they would like to destroy all American companies, our economy etc Eliot Rosewater Sep 2018 #16
Well they sure don't need help in this with the one-man wrecking crew calimary Sep 2018 #30
Of course they would... IthinkThereforeIAM Sep 2018 #21
Pences even helped power Chinese and North Korean army trucks/missile launchers with Cummins ... IthinkThereforeIAM Sep 2018 #22
This message was self-deleted by its author Brother Buzz Sep 2018 #15
Lets see WalMart back that up with some serious discussions with congresscritters. TreasonousBastard Sep 2018 #2
Yes but on the other hand, the Russians will come out just fine. Uncle Joe Sep 2018 #3
And Wall Street cheers GusBob Sep 2018 #4
Have no fear, the Mueller team indictments draw near! democratisphere Sep 2018 #5
Can we call it a war on Christmas? CrispyQ Sep 2018 #7
... orangecrush Sep 2018 #20
A whole lot of Walmart crap is made in China... Shipwack Sep 2018 #9
But... but... the Dow broke a new record!1! ck4829 Sep 2018 #10
"As the largest retailer in the United States and a major buyer of U.S. manufactured goods" BumRushDaShow Sep 2018 #12
Their website has a made in USA section IronLionZion Sep 2018 #13
Oh I know they have "some" BumRushDaShow Sep 2018 #17
It seems to me that MOFO Walmart wanted trump in office. Doreen Sep 2018 #19
Indeed ck4829 Sep 2018 #25
The Dollar stores are going to have to reconsider their names. Kablooie Sep 2018 #23
Kick ck4829 Sep 2018 #24
F--- Peter Navarro, Donald Trump and the GOP! Anon-C Sep 2018 #26
Only the ones who Turbineguy Sep 2018 #27
Russia and China wants to be the "world's" super power Iliyah Sep 2018 #28
The 21st Century belongs to Russia and China. betsuni Sep 2018 #31

Eliot Rosewater

(31,125 posts)
1. Looks like the worlds LARGEST mfg of diesel engines, Cummins, could go down too
Fri Sep 21, 2018, 11:36 AM
Sep 2018

Chinese wont mind, they will just take their place.

Putin has ordered the tariffs so our entire country will be shit in a few years, he is the reason for this.

But Hillary gave a speech once

WhiteTara

(29,728 posts)
6. The reason is to drive us down and buy us at basement bargain
Fri Sep 21, 2018, 12:33 PM
Sep 2018

price. We'll have nothing left sooner rather than later.
But hey, what about those emails?

Eliot Rosewater

(31,125 posts)
14. Worse, she gave ONE speech.
Fri Sep 21, 2018, 02:12 PM
Sep 2018

these really are the reasons people incessantly WHINED about her

Hey, I here the new Michael Moore movie basically says both parties the same.

I used to be a fan, not anymore. it is almost as if he is purposely trying to get people not to vote.

WhiteTara

(29,728 posts)
18. Never forget he foisted Nadir off on us in 2000
Fri Sep 21, 2018, 03:16 PM
Sep 2018

he's one of those. I have to really work at prayer for him to be a human while he's still in this form but he makes it really hard for me.

R B Garr

(16,993 posts)
29. +1, plus we never got any proof that Hillary was transmitting
Sun Sep 23, 2018, 10:50 AM
Sep 2018

secret speech messages to “Wall Street” that they could raid the coffers if she got elected, so instead we got actual oligarchs who are doing just that. Who would’ve thought!?

I’m not seeing Moore’s movie, either. Folks like him are responsible for the vote suppression. Self-serving grifters.

IthinkThereforeIAM

(3,077 posts)
8. Russia already has Cummins licensed diesel engine factories...
Fri Sep 21, 2018, 12:52 PM
Sep 2018


Thanks to VP Pence's brother, the one running for congress in Indiana. So they no longer need buy any more U.S. of A. engines for their military vehicles/missile launchers.

jmowreader

(50,566 posts)
11. Even if Cummins pulled its license, Russia would be okay
Fri Sep 21, 2018, 01:44 PM
Sep 2018

Not sure why Russia needs Cummins heavy engines; the ones they made on their own work fine. It might have made it easier to achieve Euro 4 compliance, but they would have gotten there on their own.

Eliot Rosewater

(31,125 posts)
16. They dont need them, they would like to destroy all American companies, our economy etc
Fri Sep 21, 2018, 02:19 PM
Sep 2018

I assume that is an accepted fact.

calimary

(81,523 posts)
30. Well they sure don't need help in this with the one-man wrecking crew
Sun Sep 23, 2018, 09:34 PM
Sep 2018

in OUR White House. Just call him Hurricane Donald.

IthinkThereforeIAM

(3,077 posts)
21. Of course they would...
Fri Sep 21, 2018, 09:00 PM
Sep 2018

... they have already been, "given", the technology. Hard to enforce patents and IP across borders.

"Even if Cummins pulled its license, Russia would be okay".

""Two years ago we began selling a six-ton truck to the Russianmarket, and a Cummins engine was at the heart of our great successwith this product," said Sergey Kogogin, General Director of KAMAZ."Cummins understands the potential of the Russian market and theopportunities that exist with KAMAZ."

[link:https://markets.businessinsider.com/news/stocks/cummins-and-russian-manufacturer-kamaz-form-joint-venture-to-produce-mid-range-engines-444950|

Also mentioned in the article is EuroII and EuroIII compliance of the Cummins engines was needed.

IthinkThereforeIAM

(3,077 posts)
22. Pences even helped power Chinese and North Korean army trucks/missile launchers with Cummins ...
Fri Sep 21, 2018, 09:12 PM
Sep 2018


..."You can find Cummins K19 series engines powering everything from tractors and ferries to mining equipment. In China, the K19 is manufactured by a Sino-American joint venture called Chongqing Cummins. The 30-year-old design is widely available. And it’s a terrific brute of an engine, a six-cylinder displacing 19 liters and making impressive power. Perfect for China’s ever growing industrial sector. Or surreptitiously hauling Kim Jong-un’s nuclear arsenal."

[link:http://www.thedrive.com/news/1552/north-korean-nukes-are-hauled-by-american-engines|

Response to Eliot Rosewater (Reply #1)

GusBob

(7,286 posts)
4. And Wall Street cheers
Fri Sep 21, 2018, 11:46 AM
Sep 2018

They seem to be enamored with tariffs and I think higher priced consumer goods give them a hard on

democratisphere

(17,235 posts)
5. Have no fear, the Mueller team indictments draw near!
Fri Sep 21, 2018, 12:05 PM
Sep 2018

Once redumbliCONS have been purged, we can start putting this country back together. The f'ing russian federation should have sanctions slapped on them that choke the life out of that country!

Shipwack

(2,172 posts)
9. A whole lot of Walmart crap is made in China...
Fri Sep 21, 2018, 12:56 PM
Sep 2018

90%+ of our seasonal aisles (Halloween, Christmas, etc) is made in China. This stuff is manufactured and shipped ahead of time, so I we'll see much of a price on that junk until Easter or so... That's not even counting clothes, appliances, etc.

As a side note, a lot is made by a company called "Woman Owned"... I guess they are trying to snag sales from progressive types that want to support female entrepreneurs, though I doubt the Chinese company is really owned by a woman...

BumRushDaShow

(129,610 posts)
12. "As the largest retailer in the United States and a major buyer of U.S. manufactured goods"
Fri Sep 21, 2018, 02:04 PM
Sep 2018

They are a major buy of CHINESE-manufactured goods and you are lucky to find something "made in the U.S.A.".

(and I think Amazon has surpassed them as the "largest retailer&quot

IronLionZion

(45,547 posts)
13. Their website has a made in USA section
Fri Sep 21, 2018, 02:08 PM
Sep 2018

They do have some goods made in USA. They also have goods assembled in USA from parts made in China.

BumRushDaShow

(129,610 posts)
17. Oh I know they have "some"
Fri Sep 21, 2018, 02:28 PM
Sep 2018

but most of what you find in the stores is "Made in China" (or Vietnam or Malaysia or the Philippines) and their misleading statement seemed to suggest that most of their stuff was USA-made and it certainly isn't.

And this portion of their statement - "and tax American business" is a veiled reference to themselves having to pay the tariffs ("tax&quot on ALL THAT STUFF they import.

Doreen

(11,686 posts)
19. It seems to me that MOFO Walmart wanted trump in office.
Fri Sep 21, 2018, 06:05 PM
Sep 2018

They really do not give a shit about people. They look forward to when they are allowed to cut pay and increase hours and make the work environment unsafe to save a dollar.

Kablooie

(18,641 posts)
23. The Dollar stores are going to have to reconsider their names.
Fri Sep 21, 2018, 09:39 PM
Sep 2018

Many Dollar store products are made in China specifically for dollar store sales.

Turbineguy

(37,372 posts)
27. Only the ones who
Sun Sep 23, 2018, 10:38 AM
Sep 2018

don't support trump. The supporters simply won't believe it.

Who you gonna believe? Trump or your lying eyes and your empty bank account?

Iliyah

(25,111 posts)
28. Russia and China wants to be the "world's" super power
Sun Sep 23, 2018, 10:39 AM
Sep 2018

and the way to obtain it is marketing. shithole and the Republican party are giving them exactly what they want and don't mind destroying the United State of America because money and power for the USA's rich is more important.

betsuni

(25,668 posts)
31. The 21st Century belongs to Russia and China.
Sun Sep 23, 2018, 11:59 PM
Sep 2018

Recently on TV I saw Xi and Putin at some sort of trade fair, eating blinis with caviar and making Chinese dumplings. They win.

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