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Old 05-18-2019, 06:59 AM
 
Location: The Republic of Texas
78,863 posts, read 46,617,602 times
Reputation: 18521

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Quote:
Originally Posted by take57 View Post
https://in.reuters.com/article/walma...-idINKCN1SM169

It was all fun and games until it hits WallyWorld. Shake it off, you can cover the added costs with all that cash you're saving from Trump's tax cuts, right? Right?
OKay...
The correction had to occur now with a booming economy or later when the Democrats get power back and make you their impoverished property.
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Old 05-18-2019, 07:36 AM
 
24,404 posts, read 23,065,142 times
Reputation: 15013
Substitute " Target" for " Wal Mart" because they and every other retailer are in the same boat. If less food comes from China, that's a definite plus. And less dog treats is a win/ win for everyone. I had three dogs poisoned by jerky treats from China before we caught on. Any economic damage Trump can do to China should be applauded.
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Old 05-18-2019, 07:38 AM
 
79,907 posts, read 44,191,640 times
Reputation: 17209
Quote:
Originally Posted by Icy Tea View Post
Substitute " Target" for " Wal Mart" because they and every other retailer are in the same boat. If less food comes from China, that's a definite plus. And less dog treats is a win/ win for everyone. I had three dogs poisoned by jerky treats from China before we caught on. Any economic damage Trump can do to China should be applauded.
Dog treats from Thailand are going to be better?
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Old 05-18-2019, 07:40 AM
 
Location: Boston
20,102 posts, read 9,015,533 times
Reputation: 18759
Quote:
Originally Posted by pknopp View Post
Dog treats from Thailand are going to be better?
they're made with organic cat.
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Old 05-18-2019, 08:24 AM
 
Location: Middle of nowhere
24,260 posts, read 14,205,611 times
Reputation: 9895
Quote:
Originally Posted by Ceece View Post
I'm perfectly ok with this. For years I've been saying I'd rather pay more for quality than less for crap.
No one is stopping you from paying more for better quality.
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Old 05-18-2019, 09:03 AM
 
Location: the very edge of the continent
89,006 posts, read 44,813,405 times
Reputation: 13709
Quote:
Originally Posted by take57 View Post
https://in.reuters.com/article/walma...-idINKCN1SM169

It was all fun and games until it hits WallyWorld. Shake it off, you can cover the added costs with all that cash you're saving from Trump's tax cuts, right? Right?
Walmart's profit margin is only 3.1%, so no... they can't just absorb the added costs.

https://ycharts.com/companies/WMT/profit_margin

Many people just l-o-v-e to slam Walmart, but here's where the REAL problems are as far as earning profits by reaming the poor and middle class...

Apple's profit margin is 19.93%, 6.4 times higher than Walmart's.

https://ycharts.com/companies/AAPL/profit_margin

Google's (includes the Android OS and product/services spinoffs) profit margin is 18.32%, 5.9 times higher than Walmart's.

https://ycharts.com/companies/GOOG/profit_margin

The obvious question is WHY does the middle class and below even buy Apple or Android products when by doing so they're quite obviously just voluntarily giving them excessive profits out of their own pockets?
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Old 05-18-2019, 09:40 AM
 
Location: Canada
7,680 posts, read 5,527,864 times
Reputation: 8817
There seems to be a perception by many Trump supporters in this thread that the China tariffs are intended to be permanent. Otherwise, why think that manufacturing jobs will return to the U.S. and the U.S. businesses will expand? All of that would collapse and perhaps those businesses go bankrupt when tariffs are removed.

It makes no sense for Trump to try to negotiate with China if he intends the tariffs to be permanent. There’s no point. Why would China give up anything if they received no benefit (removal of tariffs) in return?

You might argue that Trump would prefer to make a deal but would settle for permanent tariffs. However, Trump can’t guarantee permanent tariffs. Heck, he could be voted out of office next year.

I can’t see U.S. businesses gambling by building new factories or expanding when they know they wouldn’t be competitive without tariffs. The future is too uncertain.
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