Walmart/Lowes statements on Tariffs: We're concerned

You just can't wave a magic wand and bring manufacturing back tomorrow. It takes a large investment in infrastructure to build needed factories/plants to make stuff. And some stuff can never be domestic. Take coffee, for example. How can we transplant entire coffee plantations to grow our own beans when you can't transplant plantations, and the only land in a suitable environment to grow coffee in the US in in Hawaii?

Tariffs have their place. Blanket tariffs on everything? Stupid policy that will only cause prices to rise and domestic sales to drop as countries retaliate.

 

That’s not “dumping.” Dumping means to sell a product cheaper to the US than it’s sold within the country of origin.

We have “countervailing” duties to address foreign governments subsidizing their industries. China has been hit on both steel and aluminum.

 

Without checking the internet, I believe they get lots of their raw materials from Australia? Maybe not all, but Australia has massive amounts of bauxite in the ground/land.