Tag Archives: David Goldman

CNN: Trump warns America’s businesses: Eat my tariffs, or pay the price

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President Donald Trump is sending a stern warning to Corporate America: He will use his bully pulpit to publicly shame companies that dare to raise prices because of tariffs.

Walmart:

After Walmart last week said it would have to jack up some prices because of high costs of the global trade war, Trump on Saturday responded forcefully in a Truth Social post, demanding Walmart reverse its decision.

“Walmart should STOP trying to blame Tariffs as the reason for raising prices throughout the chain,” Trump said. “Between Walmart and China they should, as is said, “EAT THE TARIFFS,” and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!”

The rebuke was the White House’s third such public reprimand of a big American business that discussed the possibility of raising prices because of the steep cost of tariffs.

Amazon:

On April 29, after Amazon reportedly considered displaying an additional tariff charge next to the listed price on its Haul platform, White House Press Secretary Karoline Leavitt at a press briefing held up a photo of Amazon Chairman Jeff Bezos and called the move a “hostile and political act.” Trump, whom a senior official described as “pissed,” called Bezos to complain, saying the company’s founder “solved the problem very quickly.”

Amazon said that although it was considering displaying the tariff cost, the plan was ultimately not approved and “not going to happen.”

Mattel:

A week later, on May 6, Trump threatened a 100% tariff on Mattel after the Barbie and Hot Wheels maker said it would have to raise prices. Mattel CEO Ynon Kreiz said Trump’s tariffs won’t bring toy manufacturing to America, because toys couldn’t be manufactured in America and still be sold at affordable prices.

“We don’t see that happening,” Kreiz told CNBC after Mattel warned that tariffs will increase toy prices for American consumers.

Trump fired back from the Oval Office, threatening the company and its CEO.

“We’ll put a 100% tariff on his toys, and he won’t sell one toy in the United States, and that’s their biggest market,” Trump said. “I wouldn’t wanna have him as an executive too long.”

Trump = a narcissistic bully suffering a severe case of arrested development!

Trump warns big business: Eat my tariffs, or pay the price | CNN Business
President Trump used his bully pulpit to warn America’s businesses about raising prices due to tariffs.

https://www.cnn.com/2025/05/19/business/trump-tariffs-price-consumers

CNN: The first boats carrying Chinese goods with 145% tariffs are arriving in LA. Shipments are cut in half. Expect shortages soon

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American consumers are on the cusp of tough choices because of President Donald Trump’s trade war.

Ships now pulling into US harbors from China are the first to be subject to the massive tariffs that America is imposing on most Chinese imports. That means, in a matter of weeks, consumers will face higher prices and shortages of certain items.

Imports from China have fallen dramatically since Trump imposed steep tariffs – particularly since last month, when the tit-for-tat trade war sent the tariff on most Chinese goods up to 145%.

“This week, we’re down about 35% compared to the same time last year, and these cargo ships coming in are the first ones to be attached to the tariffs that were levied against China and other locations last month,” Gene Seroka, executive director of the Port of Los Angeles, told CNN Tuesday. “That’s why the cargo volume is so light.”

The drop-off in imports from China on the boats now coming into port is more than 50%, Seroka said. Many importers have canceled previous orders because US businesses aren’t interested in paying the steep tariff, which can more than double the price of Chinese goods.

The Port of LA had expected 80 ships to arrive in May, but 20% of those have been canceled, Seroka said. Customers have already canceled 13 sailings for June.

The first boats carrying Chinese goods with 145% tariffs are arriving in LA. Shipments are cut in half. Expect shortages soon
American consumers are on the cusp of tough choices because of President Donald Trump’s trade war.

https://www.msn.com/en-us/money/economy/ar-AA1EgCdN

CNN: It’ll be tough for Trump to dig his way out of this one

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With his chaotic trade policy, President Donald Trump is digging himself into an economic and political hole so deep, it may prove impossible to climb out.

On Wednesday morning, just after markets spent a day reeling from Trump’s on-again-off-again threat to levy extraordinary energy, steel and aluminum tariffs on Canada and to destroy the country’s auto industry, Trump placed tariffs on all steel and aluminum imported from every country around the world, a policy that could drive up prices on a broad range of consumer and industrial goods for Americans. Europe immediately retaliated, adding pressure on a variety of American industries.

Wall Street has grown nervous about the damage Trump’s policies could inflict on America’s still-strong but increasingly wobbly economy. Stocks have plunged, with the Nasdaq falling into correction (a decline of 10% from its recent high) and the S&P 500 flirting with that inauspicious territory.

It’ll be tough for Trump to dig his way out of this one | CNN Business
With his chaotic trade policy, President Donald Trump is digging himself into an economic and political hole so deep, it may prove impossible to climb out.

https://edition.cnn.com/2025/03/12/economy/recession-tariff-trump/index.html