WALMART SOUNDS THE ALARM: Trump’s trade war will hit Americans hard | News Sponsored by TrumpShop.net

Sep 21, 18
WALMART SOUNDS THE ALARM: Trump’s trade war will hit Americans hard | News Sponsored by TrumpShop.net

Walmart, the largest US retailer, is sounding the alarm on President Donald Trump’s trade war, saying it is “very concerned” about the impacts the newly announced tariffs may have on American consumers. In a letter to US Trade Representative Robert Lighthizer seen by Business Insider, the company — which employs 2.3 million people worldwide, including 1.5 million in the US — said the immediate impact of the fresh tariffs “will be to raise prices on consumers and tax American business and manufacturers.” “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. The letter — sent about 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. The letter did not achieve that goal, with the administration pushing forward earlier this week with the imposition of tariffs on $200 billion worth of Chinese goods, affecting more than 5,000 products. When those tariffs are implemented, tariffs, which function as taxes, w

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