A little information about Walmart.
Last Updated: December 16, 2022
https://mangoful.com/chinese-walmart-products-to-know/
Walmart Inc., also known as just Walmart, is an American retail corporation with a chain of superstores, department stores, and grocery stores all over the United States and other countries, like Mexico, Canada, and India.
Last year, there were 10,524 Walmart stores under 48 names across the US and 23 other countries. This makes Walmart one of the world’s largest retail chain companies in terms of revenue, according to the Fortune Global 500 list in 2020.
While Walmart is an American retail chain, not all products sold there are made in the US or supplied by American companies.
Here Is How Much Walmart Gets From China:
Most of the United States still heavily relies on Chinese imports, including Walmart. Only roughly 20% of Walmart’s retail products are from US-based suppliers. According to estimates, 70 to 80% of Walmart products are from China, excluding food, meat, and fresh produce.
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When 70 to 80 percent of your products suddenly go up in price by 30% that cost cannot be borne strictly by the shareholders. Some of it must be passed on to the customers.
The way capitalism works Walmart will pass through as much as the market will bear.
Truthfully global tariffs are a regressive tax on the poorest Americans.