President Trump Tells Walmart to Keep Prices Low Despite Tariffs 🛒💰
Hey there! Have you ever wondered why the prices of some items in stores go up? Well, recently, U.S. President Donald Trump told Walmart, one of the biggest stores in America, to keep their prices low even if they have to pay extra fees called tariffs. 🏷️
What are tariffs? 🤔
Tariffs are like taxes that countries put on goods coming from other countries. Imagine you trade toys with a friend, but you have to pay a fee each time you get a toy from them! That’s kind of how tariffs work.
What’s happening with Walmart? 🏬
Walmart buys and sells lots of products. Some of these products come from other countries. Because of the new tariffs, it costs Walmart more money to buy these products. They were thinking about raising prices to make up for the extra cost.
But President Trump said that Walmart made a lot of money last year and should not raise prices. Instead, he said they should “eat the tariffs,” meaning Walmart should pay the extra costs themselves and not make customers pay more. He even said, “I’ll be watching, and so will your customers!” 👀
What does Walmart say? 🛍️
Walmart’s CEO, Doug McMillon, said they will try their best to keep prices low for everyone. But he also mentioned that it’s hard to keep prices the same when costs go up. Their spokesperson said they will keep prices as low as possible for as long as they can.
How does this affect you? 🌟
If prices go up, things you like to buy might cost more. That could be anything from clothes to toys to electronics. Other stores like Target and Best Buy also said they might have to raise prices because of tariffs.
Why does it matter? 🌎
Understanding tariffs and how they affect prices can help you see how decisions by leaders can impact everyday life. It’s like a big game of cause and effect! Maybe next time you’re shopping, you’ll think about how all the products got there and what influences their prices.
Stay Curious! 🧐
Learning about these topics helps you understand the world better. Keep asking questions and discovering new things!
Reference(s):
Trump demands Walmart 'eat the tariffs' amid potential price hikes
cgtn.com
