“Tariffs are going to be inflationary, there’s no disputing that,” Walmart finance chief John David Rainey told Fox News on Thursday.
That’s not the message the Trump campaign took to the nation during the 2024 election race, however.
The resounding answer was no, as two-thirds of the population were dissatisfied with the state of the economy.
Coast to coast, Americans felt a deep-seated resentment at spiraling prices on everything from gasoline to groceries to restaurant visits.
They would fill the nation’s coffers, reduce the deficit, bring back manufacturing jobs—and might even eliminate the need for income taxes.
Well, those would be borne by others—chiefly U.S. strategic rival China, which could face duties as high as 60% on goods it exported.
Walmart finance boss Rainey said the massive retailer would do its utmost to cushion the blow—but pain was inevitable. »