Walmart and Lowe’s, along with other major retailers, are considering price increases in response to President-elect Trump’s proposed tariff plan. This plan includes significant tariffs on imports, particularly from China, potentially impacting a large portion of their product lines. Both companies are actively assessing the implications for their supply chains and costs. Economists predict that consumers will ultimately bear the brunt of these increased costs through higher prices on goods.
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Walmart’s CFO warned that President-elect Trump’s proposed tariffs will likely necessitate price increases for consumers, echoing concerns from other retailers like AutoZone and Lowe’s. A National Retail Federation study estimates billions of dollars in added costs for consumers on various goods if the tariffs are implemented. While Walmart sources many products domestically, the impact of the tariffs remains uncertain pending their implementation and scope. Ultimately, the extent of price increases for consumers depends on the final form and application of Trump’s economic policies.
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McDonald’s sales have fallen globally for the first time in more than three years, and it’s no surprise to me. When the prices keep going up and the food quality keeps going down, it’s only a matter of time before people start looking elsewhere. Personally, I haven’t stepped foot in a McDonald’s in quite some time, and after reading about the exorbitant prices, I’m not planning to go back anytime soon.
The appeal of McDonald’s used to be its affordability and speed, but now, it seems like they’re missing the mark on both fronts. For the price of a lackluster combo meal, I could easily enjoy a delicious, freshly prepared meal from a local restaurant and still have money left over for a tip.… Continue reading
John Q. Hosedrinker