• For One U.S. Bike-Maker, Tariffs Are A Mixed Bag

    4 monthes ago - By NPR

    Detroit Bikes, a rare domestic maker of bicycles, could see business increase as a result of increased U.S. tariffs on Chinese bikes. But imported parts it relies on are also subject to higher taxes. (Image credit: Courtesy of Melany Hallgren)
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  • Wal-Mart Executive Warns: “Higher Tariffs Will Lead To Higher Prices For Customers”

    Wal-Mart Executive Warns: “Higher Tariffs Will Lead To Higher Prices For Customers”

    4 monthes ago - By The Economic Collapse

    Wal-Mart gets approximately one-fourth of all the merchandise that it sells from China, and Wal-Mart's CFO is warning that “higher tariffs will lead to higher prices for customers”. In other words, U.S. consumers will soon be feeling a lot of pain. Over the last several decades, major retailers such as Wal-Mart have become increasingly dependent on exports from China, and U.S. consumers have loved the “low, low prices” because those rock bottom prices enabled our society to enjoy a greatly inflated standard of living. Of course in the process we were mortgaging our own economic future...
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