4.5 • 1.7K Ratings
🗓️ 20 May 2025
⏱️ 20 minutes
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0:00.0 | This is the Daily Blast from the New Republic, produced and presented by the DSR Network. |
0:16.5 | I'm your host, Greg Sargent. |
0:30.8 | President Donald Trump's feud with Walmart is intensifying. |
0:36.7 | After the retail giant warned that its prices will go up due to Trump's tariffs, Trump erupted on truth social and even issued a |
0:39.4 | bailed threat. Then White House Press Secretary Caroline Levitt reiterated the threat at Monday's media |
0:45.7 | briefing. What's amusing about all this is that it completely demolishes Trump's whole |
0:51.2 | scam on this issue because it constitutes an admission that other countries |
0:55.8 | don't pay the tariffs. We do. So can Trump really use threats and bullying to conceal the truth about |
1:02.3 | his policies from the American people? Today we're talking about all of this with Lindsay Owens, |
1:07.7 | an economist who's also executive director of the Groundwork Collaborative. |
1:11.6 | Thanks for coming on, Lindsay. Thanks for having me. |
1:15.5 | Okay, so last week, Walmart CEO Doug McMillan said some prices are going to rise, even factoring |
1:22.2 | in the temporary partial reduction on tariffs in China. Trump exploded in response to this saying the following. |
1:29.9 | Walmart should stop trying to blame tariffs as the reasons for raising prices throughout the chain. |
1:35.9 | Between Walmart and China, they should, as is said, eat the tariffs and not charge valued |
1:41.3 | customers anything. I'll be watching and so will your customers. |
1:46.3 | So, Lindsay, Trump is raging that a private business has to swallow the costs of his policy. |
1:52.2 | Your reaction to this? Yeah, I mean, look, Trump is clearly worried. This was a bombshell admission from Walmart in an earnings call that consumers were |
2:04.3 | going to need to brace for impact because, you know, a large retailer known for offering low prices, |
2:12.6 | offering bargains was signaling to the American people that prices were going to come up and they were letting |
2:19.4 | you know it's not because they have shifted their position on no longer being a low-cost |
2:23.8 | retailer. |
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