US president Donald Trump has lashed out at Walmart for its announcement that prices will start going up this month as tariffs on imports start to bite.
Read the full article on the Independent website
NAM Implications:
- Most realistic suppliers and retailers realise that Walmart’s heavy reliance on general merchandise imports means they will need to pass on the added costs to consumers.
- Meanwhile, exporters to the US need to forge trade relationships with non-US partners…
- …so, when US consumer-voters react negatively to increased local prices in sufficient numbers…
- …the US government may find it impossible to reverse the tariffs.
- Another fundamental change in global, regional and local retail…
