News Story of the Day: You can expect to see higher prices at Walmart in the coming months.
After President Donald Trump slapped 10% and 25% tariffs on $200 billion worth of Chinese goods, Walmart warned that it could force the company to hike prices on their customers.
The retail juggernaut wrote in a letter to U.S. Trade Representative Robert Lighthizer:
“As the largest retailer in the United States and a major buyer of U.S. manufactured goods, we are very concerned about the impacts these tariffs would have on our business, our customers, our suppliers and the U.S. economy as a whole.
Should the tariffs go into effect, Walmart customers will face cost increases for essential items like car seats, cribs, backpacks, hats, pet products and bicycles. Either consumers will pay more, suppliers will receive less, retail margins will be lower, or consumers will buy fewer products or forego purchases altogether.”
So far, a dozen or so companies have already announced their intentions to raise prices amid a trade war.
Chart of the Day: The Democrats are hoping to women are stupid enough that they will merely vote for a female candidate because they are a female. In this election cycle, the Democrats are flooding the field with females.
Illustration of the Day: Who says old white men are evil?
Quote of the Day: Cafe Hayek posted this superb and relevant quote from Jonah Goldberg’s “Liberal Fascism” book:
“There is no sector of the American economy more suffused with corporatism than agriculture. Indeed, both Democrats and Republicans are decidedly fascistic when it comes to the “family farmer,” pretending that their policies are preserving some traditionalvölkisch lifestyle while in reality they’re subsidizing enormous corporations.”
Tweet of the Day: Representative Tulsi Gabbard (D-HI) has been killing it when it comes to foreign policy. It would be splendid if she were to adopt more libertarian ideas on domestic issues and economics.
Perpetuating a devastating humanitarian crisis in #Yemen that’s caused death, suffering, starvation, cholera for millions of people — for a $2 billion arms deal — is outrageous! Shame. https://t.co/2GHUJMusmA
— Rep. Tulsi Gabbard (@TulsiPress) September 21, 2018
Video of the Day: Who needs a military when you have Russian President Vladimir Putin?
Check out Putin visiting the Kalashnikov Concern’s shooting range and tested the company’s brand new sniper rifle in Kubinka! pic.twitter.com/wLduaMJHe4
— RT (@RT_com) September 21, 2018
I love random Fridays!