1mo ago

Costco boss warns of potential price hikes due to Trump tariffs

www.thecentersquare.com Costco boss warns of potential price hikes due to Trump tariffs

(The Center Square) – A Costco executive warned consumers that potential price hikes in stores could be a result of President-elect Donald Trump's proposed tariffs.

A Costco executive warned consumers that potential price hikes in stores could be a result of President-elect Donald Trump's proposed tariffs.

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All these shitheels knew about it before the election, yet chose not to mention it.
Do these leeches even think about what's gonna happen when the blood of the economy runs dry because of their greed?
- Anyone with a fucking brain in their head knew this would be the effect. It was said multiple times by many people but ignored by idiots generally.
  
  Yeah, but it would've been better for these people to not say anything. Now they just look like shitheels (not that they care)
- Not that I’m defending them, however, they do not have an obligation to educate the American electorate. Trust me, I understand the outrage, however, in this case I think it’s misplaced. It’s not entirely the fault of Walmart and Costco CEO’s that everything is built from the ground up to be against the average person. In this specific case, especially when it comes to politics, I point to the absolute failure of the American education system to have massive amounts of the voting populous’ understanding of how the US government functions end in the 6th grade.
  Now we can go back and fourth on the causes of the lack of education. In which, there’s still blame to put on CEO’s, but it’s a feature, not a bug that it is the way it is.
  
  You're not wrong. There are a lot of factors in play. But I don't think the outrage is misplaced. In fact, I think I'm being pretty calm considering that the only reason why these corporate monsters chose to be silent until now is because they want to raise prices while pointing the finger at someone else. They know that if they raise prices "because they had to", they likely won't have to lower them again even if the tariffs go away.
  
  I see your perspective for sure, and maybe I’m being way too optimistic/naive,(especially cause I’m going to reference capitalism and it’s the reason we’re having the conversation to begin with) but, isn’t the idea of “free markets” that if that were to happen, it opens the door for a competitor to undercut and take the market share?
  Which the counter to that is, they’re in cahoots, but my counter to that would be, the little guy doesn’t care if the big guys set prices. Idk. It’s circular and the world is fucked as is.
  
  Can't argue with that
  
  They also know that they can raise them higher than they actually need to, thus increasing profits.
- No
  
  They're probably starting to. Thanks, Luigi!
- I'll get mine and I'll be fine!
  motto of the American
  Most of the people I talk to care about the downtrodden and homeless, but if they, themselves are prepared... It's what are ya gonna do.... Sigh.....
  They don't really care, none of them would ever step foot in a soup kitchen, give anyone $5. It's in the moment, saving face or not at all.
  
  Americans actually have a history of being pretty generous when it comes to giving to charity. It's just the right wingers who are complete ghouls.
- I recommend you read up on the Tragedy Of The Commons, it will make you realize how it feels to be a blade of grass.

51 comments