Wednesday, June 12, 2019

Democrats should be using this in their campaigns

Walmart said last month that it will do everything it can to maintain the low prices it’s famous for, such as negotiating with suppliers and finding new sources of manufacturing outside of China. “We’re going to do the best we can to manage through this in a way that our customers don’t feel it, pulling all the levers that we’ve got,” Chief Executive Officer Doug McMillon said in a presentation to analysts last week.

But Walmart has warned that higher prices on some items, such as bicycles, are inevitable. “Increased tariffs lead to increased prices,” Chief Financial Officer Brett Biggs said in a May 16 interview.

  Bloomberg

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