Republicans should be seriously embarrassed by Trump.
Trump on Walmart
“Walmart made BILLIONS OF DOLLARS last year,” he wrote in a post Saturday on Truth Social. “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!!!”
Lat year, in a letter to Kroger, Senators Elizabeth Warren and Bob Casey accused large grocery chains like Kroger and Walmart of being poised “to squeeze consumers to increase profits.”
Now Trump says Walmart should “EAT THE TARIFFS”
This does not imply Harris would be a better president. But it does prove beyond a shadow of a doubt that Trump is clueless about markets.
On April 11, 2025, I noted Tariff-Related Auto Price Increases Have Arrived, Will Get Much Worse
New Car Prices Are Ticking Up. Sales “Hangover” is Likely as Trade Wars Heat Up.
On May 15, I noted Walmart CFO Warns Price Hikes Are Coming, Blames Tariffs
Walmart says it will pass on some tariff price hikes.
And now it has.
Birkin handbag maker Hermès said its prices in the U.S. would rise.
Trump’s Claims
Please recall that Trump and Treasury Secretary Scott Bessent said tariffs do not cause price hikes. Now they have.
So Trump commands the automakers and Walmart to not raise prices. And he says ” I’ll be watching” .
Well la de da. So what?
Trump Tells Auto CEOs No Price Hikes, Did Comrade Kamala Win?
On March 30, I asked Trump Tells Auto CEOs No Price Hikes, Did Comrade Kamala Win?
It’s price controls by mandate. Dust off those WIN buttons.
New Economic Theory
Also consider New Economic Theory “Tariffs Are a Tax Cut for the American People”
It is now proven that Trump is not only economically illiterate. It is also proven he cannot control his own emotions.
Question of the Day
Q: Is Trump as economically illiterate as he sounds?
A: Unfortunately, dear Republicans, you can no longer deny the obvious truth.
And he even sounds like Elizabeth Warren!
Republicans should not only be embarrassed by this, they should be outright disturbed by it.
Nonetheless, expect silence from the cult.