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WMT says price hikes from tariffs coming this month
Posted on 5/15/25 at 6:15 am
Posted on 5/15/25 at 6:15 am
quote:CNBC
In an interview with CNBC, Chief Financial Officer John David Rainey said tariffs are “still too high” – even with the recently announced agreement to lower duties on imports from China to 30% for 90 days.
“We’re wired for everyday low prices, but the magnitude of these increases is more than any retailer can absorb,” he said. “It’s more than any supplier can absorb. And so I’m concerned that consumer is going to start seeing higher prices. You’ll begin to see that, likely towards the tail end of this month, and then certainly much more in June.”
7
Posted on 5/15/25 at 6:48 am to bigjoe1
They're sure happy to start ordering again at the new 30% tariff.
I've been busy the past 3 nights.
Container Bookings Soar 277% out of China
I've been busy the past 3 nights.
Container Bookings Soar 277% out of China
Posted on 5/15/25 at 7:03 am to LSUShock
quote:
They're sure happy to start ordering again at the new 30% tariff.
So is it 30% or 55%? Some are claiming the old 25% tariff is still intact and we are adding the new 30% tariff to it. Anyone know the truth?
Posted on 5/15/25 at 7:04 am to bigjoe1
Majority of crap at places like Walmart and Amazon comes from China. 30% tariffs going to lead to price increases on such low margin businesses, not sure how anyone thinks it won't.
Posted on 5/15/25 at 7:04 am to bigjoe1
Which products will increase in price and by how much?
Will we ever get a # bigjoe?
Will we ever get a # bigjoe?
Posted on 5/15/25 at 7:47 am to LSUShock
I feel like that shipping data is missing some really important context.
The US brings in about 15 million TEU’s per year from China. A little more than one million TEU’s per month.
Even with the 300% surge bringing May’s totals up to 26,000 TEU’s it means shipping from China has gone from being down 98% to only down 92%. And likely to get incrementally better as the month closes.
Even still; this number is far lower than what was being shipped during the pandemic lockdown and should be highly alarming for American consumers.
And that’s just China, let’s not forget that tariff is applied worldwide and one has to assume that other ports are probably experiencing similar effects.
So I agree; we’re probably only a matter of weeks out before price hikes happen.
The US brings in about 15 million TEU’s per year from China. A little more than one million TEU’s per month.
Even with the 300% surge bringing May’s totals up to 26,000 TEU’s it means shipping from China has gone from being down 98% to only down 92%. And likely to get incrementally better as the month closes.
Even still; this number is far lower than what was being shipped during the pandemic lockdown and should be highly alarming for American consumers.
And that’s just China, let’s not forget that tariff is applied worldwide and one has to assume that other ports are probably experiencing similar effects.
So I agree; we’re probably only a matter of weeks out before price hikes happen.
This post was edited on 5/15/25 at 8:11 am
Posted on 5/15/25 at 7:49 am to bigjoe1
You don't think that they would use this as an opportunity to make more profit do you?
Posted on 5/15/25 at 7:53 am to Beessnax
Just don't buy shite you don't need for a month. They're trying to get people to stock up now. It's only been a month of tariffs. Buy American. Hope it backfires on them. Sometimes you just have to eat the costs. We do it in medicine all the time.
Posted on 5/15/25 at 8:17 am to SDVTiger
quote:
Which products will increase in price and by how much?
I run a program doing data center installations. We have been told to expect 8-15% price increases on materials across the board. These tariffs are affecting a lot more than the "cheap Chinese plastic toys" that most of this board seems to believe is the case.
Posted on 5/15/25 at 9:36 am to VABuckeye
So nothing specific as usual
Just a broad range # on everything
My wife says the same shite cause someone on tiktok said so
Such leftwing talking points
Just a broad range # on everything
My wife says the same shite cause someone on tiktok said so
Such leftwing talking points
Posted on 5/15/25 at 10:01 am to SDVTiger
quote:
Which products will increase in price and by how much?
Will we ever get a # bigjoe?
remember the jagoffs that told us last time it would hurt our wallet and never did?
im even on record as willing to pay more for american made/ameerican jobs.
roger the cuckler is melting somewhere in a cabin in alaska.
Posted on 5/15/25 at 11:17 am to frogtown
It can be both. You’re at 55% if your goods are subject to the Section 301 Tariff (7.5-25% from Trump first term). Most people are subject to Section 301 for China imports, but not all depending on the HTS code. There are section 301 exclusions. The majority of those expire at the end of this month, so even more will be at the 55%.
Posted on 5/15/25 at 11:35 am to bigjoe1
Update:
Walmart says the sticker price increase on China related goods will be 3%.
Walmart says the sticker price increase on China related goods will be 3%.
Posted on 5/15/25 at 2:23 pm to HailHailtoMichigan!
Thought I saw
quote:
expects grocery prices across the retail industry to rise 3% to 5% by the end of this year, while merchandise more dependent on global sourcing could jump by 5% to 7%.
Posted on 5/15/25 at 3:00 pm to SDVTiger
quote:
So nothing specific as usual
You got anything specific, or no... as usual
y'all and trump melted when amazon was going to display tariff increases. Why try to obfuscate that data when making purchases. If it were as much as a non factor as you'd like us to believe, wouldn't y'all welcome this information being available?Posted on 5/15/25 at 3:27 pm to Fat Bastard
quote:
remember the jagoffs that told us last time it would hurt our wallet and never did?
Its truly incredible
quote:
im even on record as willing to pay more for american made/ameerican jobs.
Agreed. Crazy part is there is nothing made here. I tried looking up shoes and there is like 1 company sad. Nike made in Oregon would be great and would pay 200
quote:
roger the cuckler is melting somewhere in a cabin in alaska
It was so devastating to him
Posted on 5/15/25 at 3:31 pm to MoarKilometers
quote:
You got anything specific
Yeah my egg prices dropped $1 from the tariffs
Everything i buy is still at the inflated prices from Biden
And nothing will go up due to tarrifs
Also my numbers say the % will be zero across the board in 30days
Posted on 5/15/25 at 3:33 pm to bigjoe1
Oh no. walmart will only see a 3% increase in sales instead of 5%.
Also their average ticket price, average receipt total of customers. Went up a lot more during 2020-2024 than it has this year.
This means prices didn't go up and more people bought shite.
Im willing to bet you don't see average ticket increases like we saw under Biden.
Also their average ticket price, average receipt total of customers. Went up a lot more during 2020-2024 than it has this year.
quote:
In the first quarter, the average ticket remained unchanged from the previous year, even as the number of transactions increased by 3.8%.
This means prices didn't go up and more people bought shite.
Im willing to bet you don't see average ticket increases like we saw under Biden.
This post was edited on 5/15/25 at 3:39 pm
Posted on 5/15/25 at 3:37 pm to bigjoe1
Just like muh inflation during Covid “forced” them to raise prices. Meanwhile their margins will expand.
Posted on 5/15/25 at 3:39 pm to SDVTiger
quote:
Yeah my egg prices dropped $1 from the tariffs
Lol, tariffs had frick all to do with this, you dishonest piece of shite.
quote:
Everything i buy is still at the inflated prices from Biden
Every publicly traded commodity was quite clearly on a well defined upward trajectory throughout the later 2/3 of 2020.
quote:
And nothing will go up due to tarrifs
Lol, what would you care to wager on this
I'd say put your money where your mouth is, but i don't trump dick on the money you'd lose. quote:
Also my numbers say the % will be zero across the board in 30days
30 days , huh? Look at you playing 8-D go fish
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