Walmart Is Raising Its Prices Due to Trump’s China Tariffs; Here’s a Big List of Items
If you are a Wal-Mart shopper, we prepared to get huge tax hikes on many products imported from China. Many products Walmart sells are imported from China. President Trump plans on putting these tariffs into effect on a short notice stating this and other tariffs are "ready to go on short notice".
The Trump administration formally announced it was imposing a 10 percent tariff $200 billion worth of Chinese goods Monday. The duties will affect more than 5,000 products. China responded by announced retaliatory tariffs on $60 billion worth of U.S. imports.
Here is a statement from a Wal Mart rep:
"Should the tariffs go into effect, Walmart customers will face cost increases for essential items like car seats, cribs, backpacks, hats, pet products and bicycles," wrote Sarah Thorn, Walmart's director of global government affairs. "For lower-income families, a 25% tax on these items would be a serious burden on household finances."
Here is a list of products that will see the tax increase:
Mandarin oranges in cans
Rawhide for pets
Other bath prep
Rolled wrapping paper
Make up mirrors
Toothbrush replacement heads
Oil less fryers
Child High Chairs
Infant and Child Car Seats
Infant and child pack and play,
patio furniture Mattresses
The purpose of these tariffs are to cover the entire balance of Chinese exports to the United States.
Do YOU shop at Wal-Mart? What are your thoughts on this?