More than 600 companies and industry trade associations — including Walmart, Costco, Target, Gap, Levi Strauss and Foot Locker — wrote to the White House urging Trump to remove levies on China and end the ongoing trade war. "We know firsthand that the additional tariffs will have a significant, negative, and long-term impact on American businesses, farmers, families, and the US economy," the companies said in the letter.
Treasury Secretary Steven Mnuchin said last month at a House committee hearing that he doesn't expect there will be"significant costs" for consumers."I don't necessarily agree with that," said Mnuchin when pressed by Democrat Representative Cindy Axne of Iowa on whether prices of consumer goods would be higher.
mrjovani65 If Geobbels had today’s msm pimping for him, Germany would have conquered the earth in 30 days...but by all means,
MRTR78031410 Only now they are saying this? I saw the price jump walmart before Xmas and bought less. Still buying less today.
These same companies are the cause of lost jobs and wages. Now they are saying it will hurt. Look at their profit margins from the and now. No sympathy from this born in the USA American.
China has been hurting our economy for a very long time . Not trumps fault
It will hurt their bottom line. Bring manufacture jobs back to America! 🇺🇸
Buying all our products from China, relying on them, and creating the economic mechanism for them to challenge the Geo political status quo is far more dangerous than slower grow and a little inflation.
Fake news BS
The America is on War with China, it's not times for complaints about Traiff or consumer spending budgets. This trade deficits is turn out to be very serious about economic and security for Americans future and present.
Why people are so afraid of china...GO TRUMP !!!
Cost me an extra $6 today on a cooler online. Its already being charged to consumers.
Bryant Barnes yes they know how tariffs work, because they are the ones who pay for it and they decide whether to pass it on to consumers or eat it. The one who doesn’t know nothing about tariffs is the MORON in the WH.
This is what happens when an arrogant fool becomes president and treats the economy like a game show.
I guess we don’t need these companies products then. Or their stocks. Stop selling Americans out for profit. I would gladly pay more to stop a dangerous nation from profiting from us to hurt our nation. Let them create their own tech. Stop letting Chinese educate in US schools
No it will just hurt their profits because they will have to use products that aren’t made with socialist oppressed labor. Net gain is products will start being made here.
It is hurting us right now. People have to step out of the box and look at what us happening. We have become sheople and are so unaware and comfortable with being taken advantage of by China
Sell made in USA and you guys don't have to worry
China needs to be held accountable as they steal trillions in IP.
Communist news network CNN
America he isn't listening to you.
FAKE NEWS! Move along.......
All those companies are sellouts that colluded with china for cheap products they could sell for profit. Found the collusion.
So this after China meets with these companies and asks them to lobby against the Tariffs... Hmm... We didn't see that coming... ;)
Tell them to start making their stuff in the US
Walmart? Why would he hurt his supporters
We’ll be ok. Poor little corporations. No more toxic shit fromChina would be a plus.
It’s an unfair trade deal as it stands right now. It is only 5% of all our trading. Get real CNN and report the facts. Let’s better this country and stop with all the unfair trade agreements. America is first.
As usual, the writers and editors st the Clinton News Network are too dim to understand the US strategy. They were OK with the previous president who let countries like Iran run all over us but now someone who wants to put America first is somehow evil.
US economy is now very good. I am the consumer, I think imposed tariffs on China, not enough
It's called a trade WAR for a reason. The US must stand firm against China ripping us off
He knows more than them.
Don't pay China... buy American
What’s funny is all the people saying then they should just buy American don’t remember when Walmart had large American made sections covered in stars in stripes so you couldn’t miss them and there was never anyone in them. The consumers decided to turn away from buy America.
Who would probably have stock in Chinese companies
Does anyone truly think he cares?
I said the same thing as soon as I heard of this Tariff War with China. The US Consumers will ultimately pay the price.
tariffs will help curve consumption
I will gladly pay more for a product that says MADE IN THE USA on it
Everything has both positive and negative aspects, it should be noted which aspects are more.
MAKING AMERICA GO IN A RECESSION AGAIN. THE REALITY SHOW IS HURTING THE MIDDLE CLASS EVERY DAY. BUT OVER 60 MILLION PEOPLE VOTED FOR THE 🤡‼💯🤔WETRIEDTOTELLYOU
This should help. We all know the Donald loves to be told what to do. He’s easily pressured into things like changing his mind when he’s wrong. Happens all the time with fantastic outcomes.
Levies on China? China doesn’t pay the tariffs. Get the story right.
Of course they did all they sell is China made crap!!!
I will not buy, made in China anymore.
realDonaldTrump is the true Enemy of the People!!!!
LOL
And you're with the big companies, yes? 😂 Capitalism Politucs Ideology
There are tired of passing the extra expense on to their customers rather than rheir share holders.
Why do these companies want to work with communism China to earn profit by mass violating Chinese human rights?
GOP HOW CAN THIS BE I thought America was made great again? FTW?
How many more people have to tell him?
He doesn’t really care, do you ?
FakeNewsCNN spreading mass histeria
Tar-gey is warning you? Something is not right here.
The only thing Target, Walmart and Costco are worried about is shrinking profit margins because all three are packed with crap no one really needs and they're afraid that consumers will pull back if prices go up.
We will be fine. I trust Trump on tariffs. I have never had a reason to trust mega-corporations for anything other than increasing their own profits.
Funny considering the markets are only a few 100 points off historic highs with nowhere else to go but up, regardless of the fake news media fake trade war carnival barkers lol
No it will just hurt their profit margins.
They are so worried about US citizens that they purchase all of their products from China.
Derrrrrrrrrrrr.
You think that treason machine cares about America?
What those 600 companies must do is cut the support they been giving to this president and endorse other candidate for 2020.
Yet tax cuts are bad.
Costco samples are about to suck.
This is so true. My husbands company prices have already gone up and they’re expecting them to go up even more all because of trump. This is so bad for companies and for the consumer.
He doesn't know what Walmarts, Costcos and Targets are.
Do you really think Trump cares
Duh.
we will finally stop buying cheap frivolous goods. it will help achieve a better balance in our economy.
Stable genius knows better than everyone.
But those big corporate tax cuts! They raised their stock prices & Donny’s tariffs will bring it right back down.
Is He listening to them
What bout Publix floridatweet
Say something about Sudan 🇸🇩 PrayforSudan
PizzaGateIsReal
So companies selling cheap, plastic Chinese shit might be inconvenienced?
If you pay attention to the right people you’d start to suspect that’s a part of the plan. Remember Steve Bannon? A guy who remains a central figure. Yet never spoken of. Remember him? You should pay attention to him.
Unless this companies are willing to pay Trump ransom that would put $$$ into TrumpCrimeSyndicate he could care less ImpeachmentNOW
Fakenews alert
While him..
How is internationally especially African countries like Tanzania ?
Walmart still exists? Target is a great place to hunt for Milfs and cougars.
Trump has never stepped foot in any of those stores. He doesn’t care about anything but himself
Not instituting tariffs will be much worse for America. Try to keep up fake news CNN.
OH NO NOT WAL-MART
'With all due respect, all those companies don't know how tariffs work'
Suck it up BUTTERCUPS we are in this for the future of our economy not a one and done!!!
So.... let China rule over us then. Got it.
Not if you buy American 🇺🇸
Like Trump cares about people who shop at Walmart, Costco or Target.
But trump says China pays tariffs to us 😂
Trump won't care or listen
Yeah, but he’s an idiot so...
yawn