On the recordMay 19, 2025
on tariffs, last week, Walmart announced that soon it will raise prices on its products nationwide. Then, over the weekend, Donald Trump, who started this stupid trade war to begin with, tried to bully and harass Walmart for having the gall of being transparent about the decision--for having the gall to show that prices are going up because of Donald Trump's tariffs. Then, today, the CEO of JPMorgan, Jamie Dimon, warned that the impact of tariffs have not yet passed through the broader economy. Even Donald Trump's scaled-back tariffs are "pretty extreme" in Dimon's words. So Donald Trump can try to blame businesses when they are forced to raise prices, but he can't escape the economic realities of his own trade war. He made this mess. He is sending prices up. He will bear the responsibility--Donald Trump will. Finally, it is pretty rich for Donald Trump to tell retailers that they have to "eat the tariffs," but, meanwhile, he is accepting luxury planes and crypto deals in the Middle East. Donald Trump does far more to help himself than to help America.
Source
govinfo.gov




