WalMart Is The Single Biggest American Job Killer
These days we hear alot about a trade war between the U.S. and China. Currently Chinese imports are hit with a %10 tariff and President Trump has been touting raising that to %25. What this would do is that it would raise the cost that American Retailers charge their own customers for these made in China items by about another %15. There is always the unrealistic thought that maybe the retailers wouldn’t pass their costs onto their customers. As I said, this is unrealistic and it will not happen, even if a company was willing to take that financial hit their stockholders would do a massive stock dump which would cost a company even more.
This article to you this evening is about the Walton family who oversees the direction of the WalMart/Lowes financial kingdom. WalMart buys around 60 Billion Dollars each year from China, a %25 tariff on Chinese products would cost the company about 9 Billion Dollars a year at their current purchasing levels. Have you ever gone into a WalMart store and checked where the product tag says it was made? Outside of food items of which they purchase a great deal of from Mexico, it literally seems like most everything in their stores are made in China or from some other third world nation who abuses the hell out of their employees like in Indonesia, Vietnam and Thailand. Just think if WalMart actually did buy American products how many millions of jobs that would create here in the States. Most all of us know by now that most everything you see with a made in China tag on it you know that the product has almost no quality to it at all. Your buying junk, but supposedly your getting a ‘discounted’ price.
Another thing that People should take into account when they choose to buy made in China products is that we, just like WalMart and Target (the second biggest buyer of Chinese products) are handing their Military billions of dollars of weapons each year. Just think about it for a moment, if you buy your products at a WalMart most likely you are cutting the throats of every person in America. You give China many billions of dollars worth of weapons (which they do not buy from us) and you are cutting the throats of millions of would be American job holders. I’m just saying, think about what you are doing to all of the world when you buy this made in China junk.