Impact of tariffs on Walmart and consumers

SOURCE www.breitbart.com
White House Council of Economic Advisers Chair Stephen Miran believes Walmart will eventually get its Chinese suppliers to absorb tariffs, leading to minimal impact on consumers. He argues that the U.S. has leverage over China and can make others absorb the costs.

Key Points

  • No evidence of significant inflation due to tariffs
  • Historical data shows minimal impact on inflation
  • Flexibility of U.S. importers to source from other countries

Pros

  • U.S. has leverage over Chinese suppliers
  • Tariffs may not lead to significant inflation

Cons

  • Short-term volatility in prices possible
  • Potential impact on consumer costs