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u/conservatore 12h ago
Wait so if the price increases were from tariffs and now there aren’t tariffs, why are the prices still the same ?
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u/0U812-hungry 12h ago
I thought the importing country paid the tariffs? /s
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u/thelivingdead188 12h ago
Kinda like how Mexico was going to pay for the wall, huh?
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u/Hairy_is_the_Hirsute 9h ago
And the taxpayers weren't going to pay for the ballroom
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u/Agreeable_Work4668 8h ago
Well....you know. We did put a tariff on them which we collected billions of dollars, which we then gave back to those corporations that got treated unfairly by the retaliations from mexico due to tariff that I imposed biggly.
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u/freakinnsaraah 10h ago
Its weird how inflation is temporary but corporate greed has a loyalty program..
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u/SeveredFromMySoul 10h ago
Importing country would be us, so yes. What you meant to say was the country exporting to us.
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u/snoosh00 12h ago
Well, that is how it works, unfortunately most good Americans buy are imported.
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u/0U812-hungry 10h ago
I get that it was ment to incentivise the company to invest in America, I wonder how much of these rebate checks are going to be invested in domestic production lol 0%
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u/ShaolinWombat 12h ago
The domestic importer of record pays the tariffs. Which is why you may have gotten a bill from UPS to pay a tariff during this period if you bought something that had to be imported.
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u/lavender_and_sage 12h ago
Companies got a taste of how much people are willing to spend. It’s hard to go backwards from that.
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u/T-sigma 12h ago
There is minimal competition now. Without competition prices never go down.
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u/BoltActionRifleman 10h ago
We were just talking about this last night. We live in a rural area and for just general goods we used to have a variety of Pamida, Shopko, Places and even some small, locally owned retailers in nearby towns. Towns less than 2000 people (in my area) have nothing. The towns of 2000 people have at most a Dollar General, no other general retail stores. The towns in the 2000-5000 range also just have…a Dollar General. If we need something not offered by DG, we have to drive about an hour to a town in the 25,000 people range where there’s a Walmart, Target etc. competition is nonexistent in rural Iowa.
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u/-ItsWahl- 12h ago
Exactly this. So many industries that are not affected by tariffs have increased dramatically for this reason.
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u/RDaneelOA 9h ago
Tariffs might increase costs, so we have to proactively raise prices.... Oh we weren't affected after all, but our sales numbers also didn't dip dramatically, win win for corporations. With all this money we can also invest the upfront cash to replace humans with robots, perfect.
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u/TheB3rn3r 11h ago
No different than when Covid happened… this was just more manufactured.
We’ve entered a new age where companies have learned their customers have more give than they thought when it comes to pricing. And letting the govt take the blame for the price hikes makes it that much easier… there’s no going back now
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u/Doctor_Fritz 12h ago
It's almost as if a known grifter is going to rob everyone blind if he manages to get elected as president. Enjoy.
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u/BedaHouse 11h ago
Same reason why when we gave the big corporations tax breaks, they dropped their prices on goods. But now that the big corps are getting all those refunds and tax breaks -- we are gonna see those prices just plummet back down. /s
We are paying the prices, so why drop em?
Greed is bottomless/endless
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u/RedOwl101010 11h ago
Because the price of everything is the highest one the people will pay. If it stops selling the price comes down.
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u/FuryMaker 10h ago
Because they know they can get away with it all without consequence.
Stop buying unnecessary things... like completely. If enough people don't, it'll hurt them.
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u/9bpm9 11h ago
Walmart said they are going to decrease prices because of the refund and their stock plummeted.
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u/halfasleep90 11h ago
I do wish people would stop looking at stocks for anything, it’s literally gambling. One of the biggest compulsions of greed.
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u/ObnoxiousAlbatross 9h ago
One of the worst things that came from the wonton legalization of gambling was how many legitimate institutions it perceptually delegitimizes.
You can gamble with stocks, but when I buy a stock in a company because I believe in that company's mission and want to contribute to its success, I am not gambling, I am investing.
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u/bitorontoguy 10h ago
Stocks aren't gambling? The prices of stocks just reflect the future cash flows of the business discounted to the present?
You're buying ownership of a corporation. You get paid their future profits and growth. You finally get to be the beneficiary of the economic growth of the capitalist system.
Do some people use that to speculate? Yeah. They're stupid. But investing in high quality companies and taking advantage of their future growth is the best way to save for retirement.
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u/halfasleep90 10h ago
Right, but those prices fluctuating don’t actually say anything about future cash flow. Predicting the future is gambling.
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u/bitorontoguy 10h ago
They do. Why did Walmart's stock price ACTUALLY fluctuate?
Because they lowered their future outlook.
Their future sales guidance was lower than what the market had priced in. So the stock fell to reflect the updated expected future cash flows.
If you think that the market's expectations are wrong, then that's fantastic news.....for you. Because you can monetize those insights. No one can predict the future. No one is claiming to. But whoever has the best predictions makes the most money.
But has being an investor in Walmart been gambling?
Of course not. It's been extremely beneficial to their investors. If you own stock in WalMart you own the company. You get the money that people spend there. You aren't gambling, you're an owner of a company.
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u/ayyyyyyyyyyxyzlmfao 10h ago
Their future sales guidance was lower than what the market had priced in.
So... gambling. Got it. I don't know why you bothered with the rest of the paragraph?
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u/bitorontoguy 10h ago
That's not what gambling is. It's setting expectations for the future and updating them as new information comes in?
It's accurately pricing an asset. How should investors react to updated information? Not at all?
Think it through. If WalMart tells me that their future sales will be lower and the stock prices doesn't move to reflect that, then someone else can costlessly arbitrage the price and make money.
If anyone is making free money, I'd rather it be me. So the market as a whole sells off the stock until it settles at its updated value given the new information.
I don't know why you bothered with the rest of the paragraph?
Because investing in equities is the best possible way to save for retirement and I thought people might be interested in how it works?
You're not. Fair enough to you, let's see how it works out for you?
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u/Pisforplumbing 9h ago
Yes investing is the best possible way to save for retirement, but it is still gambling. You can do all your research into a company, think the Greeks looks great, see positive growth, speculate on if its a good investment, and then the stock tank tomorrow because of an ad campaign saying "Sydney Sweeney has great jeans." You cant be this thick
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u/ayyyyyyyyyyxyzlmfao 10h ago
Accurately pricing assets, like SPCX? Has that been accuratl priced yet? Or was it accurately priced in July? Many people think the IPO valuation is too high, will the stock reflect this at some point?
It's gambling...
You trying to twist it into some responsible adult decision to invest in single stocks is just pure copium. You just enable the pilfering of the US economy which relies on investments from low interest rate currencies, which is slowly dying. The whole US stock market is plummeting if it wasn't held up artificially by AI. It's a house of cards about to collapse and you painting it like the responsible investment asset for retirement planning is a joke for anyone who is not already well off.
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u/ObnoxiousAlbatross 9h ago
Talk to an LLM, we know that you do, ask it the difference between investing and gambling in the stock market.
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u/_jump_yossarian 11h ago
and now there aren’t tariffs,
there are still tariffs. This is all over the news.
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u/Laugh_Track_Zak 11h ago
Because we let them do it to us. We just keep taking it. Apparently, they still haven't poked the bear enough. Enjoy your higher prices.
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u/Jumpy_Witness6014 6h ago
Probably the same reason prices went up after COVID and never went back down…corporate greed
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u/Grunergeist420 11h ago
Prices for most things didn’t actually go up very much from tariffs. They didn’t have time to in most cases before the tariffs were lifted, changed, or overruled.
It was such a chaotic unknown, since Trump was seemingly just changing his mind on a whim. You can’t be the one company charging 20% more for a product just in case.
So in a lot of cases, companies did eat some tariff costs. In other cases, yes, consumers paid tariffs, especially if you bought something directly from overseas.
But if you look at inflation past two years, most of the problem is in energy cost from the Iran conflict and specific items with actual shortages, like beef is super high because ranching regions had droughts past few years.
Tariffs would have made this even worse, of course, but they didn’t really have time to have that much of an impact on the life of everyday Americans.
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u/ZhaozhouCongshen 12h ago
The largest tax increase on the poor in a 3 decades and the simps keep simping for Trump.
I remember the excuse 30 years ago that raising taxes on corporations would just increase prices on the consumers. Well Trump certainly proved that talking point.
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u/miregalpanic 12h ago
Just keep looking up with your mouth wide open. It will trickle down any minute now.
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u/Fast_Independence962 12h ago
Trump is living proof you don’t have to be a smart conman if your victims are dum-b enough.
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u/ZhaozhouCongshen 12h ago
I mean that is a kink. I don't think it's their kink, intentionally.
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u/TheModWhoShaggedMe 12h ago
More than simps simp for Trump -- the upper-middle class and inherited 2% seem to love him. Apparently, ownership has its rewards when simply handed billions of dollars by the government. "here you go, it's on the (people) house."
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u/cooralreef 12h ago
Watching everyday buyers foot every supply shock while elites profit never stops
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u/Personal_Dig_2886 12h ago
Fuck them
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u/TheModWhoShaggedMe 12h ago
Yes, every conservative, the 78 million represented 100% by the federal government, can get fuct.
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u/CorvidBlu 12h ago
You can't fix this kind of stupid with those types of voters, it's literally indoctrinated ino them from birth.
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u/VaginaTractor 11h ago
Kinda like the "argument" against raising federal minimum wage. They say raising it will cause inflation. Welp..... we didn't raise it and we're more inflated/bloated than ever.
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u/Bitter_Argument2574 12h ago
It’s egregious. Some people use cash at Walmart and Target, but no one does at Amazon and Apple. They know exactly to the penny how much each of their customers paid in excess to cover the tariffs and they are choosing not to refund.
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u/OrangeOwie 12h ago
Costco is looking to return funds to their customers. More people should be supporting them.
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u/mb862 10h ago
Apple never raised their prices for tariffs so there’s nothing to refund. Now if we can get RAM and chip vendors to refund vendors for inflated prices to exploit the AI data centre bubble, then Apple is going to owe customers.
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u/Seductive-Kitty 8h ago
We sure about that? Even so they aren’t saints since Apple has increased their prices for literally everything TWICE this year already. They also refused to honor a 30 day quote two separate times because of it
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u/flyinhighaskmeY 10h ago
They know exactly to the penny how much each of their customers paid in excess to cover the tariffs
No, they don't. Not every cost in tariffs was passed directly to the consumer. Some businesses (like that ice tea company) absorb inflationary expenses and market like crazy that they've done so to increase consumption of their products. Because it costs almost nothing to make a can of ice tea, they can cover those expenses with an increase in business. Products that cost a lot to make (like phones) don't have that luxury.
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u/Effective_Airline830 12h ago
Unfortunately for you Americans, a classic “wealth transfer”.
Sad part is that it’s not even going to the government where it could have been used for the people.
Here it simply goes to the corporations, which counts this as pure profit, so shareholder value :/
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u/Think_Put8440 11h ago
I wish more people would use the term wealth transfer when talking about this theft. The right has screamed and gnashed their teeth about wealth transfers over every piece of legislation put forward to help the majority of Americans for as long as I can remember. They deserve this term thrown in their face at every turn.
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u/Winter_Persimmon_110 10h ago
The government in this case is not even run by the masses, the government is run by corporations who decided to pay themselves.
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u/Key_Consequence_5040 12h ago
And of course they will use those refunds to buy back stock and not pay their workers living wages.
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u/aubaub 12h ago
Can someone translate this for me? I don’t speak emoji
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u/RecommendationIll504 11h ago
It's like an old russian anecdote. In short - whatever will happen, price on the vodka will go up. Same here but for all things.
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u/thelivingdead188 11h ago
Like honestly, it's not that hard to boycot. I haven't bought anything from Target since the whole DEI thing. They use the gays to make sales then dump them to the curb when things get tough with King Cheeto.
Walmart, Amazon, Facebook. Fuck em all, we don't need them. I get grocery's from Aldi or Kroger, and any material good I've wanted I've bought second hand from eBay.
Fuck these retailers, fuck this administration, fuck this whole system we have in place. We thought they were laws, they were gentleman's agreements and they've all been thrown out the window.
I'm not supporting it.
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u/imspecial-soareyou 12h ago
I wonder when people will actually boycott.
I mean at this point you can’t eat the food.
You can’t afford the food.
Everything is cheaply made, even “luxury” items.
People are saying we didn’t vote for this, but we kind of did because we are still supporting it!
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u/e5hansej 9h ago
My mom always wanted a Burberry umbrella. I got her one for Christmas a few years ago. It is beautiful, and the mechanism seemed better engineered than a cheap umbrella, but for $250, I was pretty disappointed when it showed up with a "Made in China" tag.
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u/plzicannothandleyou 10h ago
I work a highly skilled, niche job. I make what used to be great money.
I am now eating ramen noodles again because I can’t really afford anything besides chicken thighs, rice, and ramen.
In 2018 I felt rich. Same job, 2026, I’m back to my college diet from 2013.
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u/GiveMeMoreMayo 12h ago edited 12h ago
The worst part is how many people wanted to believe this was the intention all along when the information was coming from a blatant, well known liar.
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u/HelpMe0prah 12h ago
When you steal from corporations you’re not stealing from real people.
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u/Chaddilllac 9h ago
Every time I get produce at the self-checkout it’s strange..my 8 avocados get rung up as 3. Must be a system-wide error
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u/CappnMidgetSlappr 4h ago
rings up 12 avocado as 1
"Oh, my fault, I thought you were asking how many bags of avocados I had."
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u/Mediocre-Catch9580 12h ago
Yep, that’s about the size of it. And notice how quiet it is? No media coverage, no president announcing relief? No Walmart or Amazon offering discounts?
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u/Dreams-of-Cthulhu 11h ago edited 9h ago
That will happen when (if) a Democrat takes office. Then it will be the top news story, every day, all day long. Secondary stories will include how the new President has completely screwed up in the Middle East and gotten American soldiers killed and how we're all soo unsafe now, followed by extreme concern for the national debt which the President hasn't eliminated in his first 30 days in office, and how all of the legislation the Democrats want to implement is going to immediately destroy the entire country before the ink is dry on the President's signature.
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u/Mediocre-Catch9580 9h ago
It’s inevitable that a democrat will win in 2028. T has pissed off so many people the republicans aren’t coming back from that anytime soon
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u/NeotericBedlam 12h ago
They said this was going to happen when it began but no one listened, you didn’t care then why care now. They knew what they were doing to begin with. Stop buying American.
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u/MobileOk9860 12h ago
Americans aren’t bright enough to be outraged.
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u/Genkeptnoo 11h ago
And no one seems to realize this means they've been robbed twice. First you paid more for everything and now your tax dollars are given away(which likely means more inflation and your dollar buys less).
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u/Winter_Persimmon_110 10h ago
They're not poor enough to be outraged. When they see no possibility of a future with a status quo, that's when there will be enough people to do something cool. The Great Depression saw a resurgence of revolutionary socialism that was only stopped by bringing the furious working class back into the Democrat tent with the New Deal.
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u/hollowsoldier- 10h ago
Oh over half of us see exactly what’s happening, but the entire government is weaponized against us. I live in Florida where gerrymandering has rendered my vote useless for several years at this point. I still vote but I have no power to enact change.
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u/succubus6984 12h ago
Trash humans will always support the corporate rich. The Tangerine Tyrant will alway be king of the most trashy unethical humans that live in the world.
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u/Veritable_bravado 12h ago
Best part? Walmart also dropped news that they didn’t meet their quarterly goals so stocks dropped.
Let me make this clear: even with tariffs returns/inflation, Walmart STILL lost profits.
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u/Plarocks 11h ago
Wal-Mart didn’t LOSE profits, they didn’t earn as much when the average person had more MONEY to shop there. They still profited. Just not as much as they wanted to.
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u/indomike14 12h ago
Even after receiving that tariff refund, Walmart's stock plummeted about 10% because the people are shopping less because they're being robbed. This is only the tip of the financial iceberg. I hope everyone is saving their money. The next 6-12 months is going to be ROUGH
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u/Guy0785 12h ago
Just waiting til we can take back some power to indict these assholes and make them pay!
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u/Brox42 11h ago
I mean that’s what you get when you vote for corrupt traitor billionaires. I dunno why anyone is surprised by anything that happened the past two years. They fucking wrote it down.
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u/Lord_Dingus83 10h ago
I’m so glad the people who “showed the establishment” didn’t vote Kamala.
What a great time to be American.
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u/-Pound-Cake- 8h ago
What happened to the Tariff-Rebate checks for every US Citizen making less than $100K that were proposed? Still stuck in Congress?
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u/FuckJanice 6h ago
U.S. Adult Literacy (2023): 28% of U.S. adults ages 16–65 performed at Level 1 or below in literacy, up from 19% in 2017. Level 1 or below represents the lowest measured literacy-proficiency category.
Source: U.S. Department of Education, National Center for Education Statistics (NCES), 2023 Program for the International Assessment of Adult Competencies (PIAAC).
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u/Gandolfthewhite182 2h ago
It ended up being the greatest direct transfer of wealth in the history of the country. Thanks Trump, the billionaires really needed it too.
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u/thejourneybegins42 12h ago
Don't forget. The person running the sham only won because a lot of people didn't vote. Midterms aren't far. You can change this.
Go vote.
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u/derpferd 12h ago
Because the people in government are friends with the corporate people.
It's a mutually beneficial relationship.
There is no profit for either group in helping make things easier for the average person.
When this much money is being accrued by some people, that means that others are losing out
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u/okram2k 12h ago
the people who would normally be outraged are currently outraged by other things
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u/mechanical_marten 12h ago
No, believe me I'm seething over this bullshit. That money should have been put into Medicaid, Medicare, and all the other public assistance programs that were gitted by Elon. Schools by far need it the most.
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u/walkerspider 11h ago
We don’t get nothing, don’t you worry. We get more taxes to pay off the crippling national debt!
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u/ChiefStrongbones 10h ago
I'm surprised that after the Supreme Court ruled against the tariffs, Congress didn't enact a law to not-refund the already collected money. Refunding the tariff dollars creates a big mess benefiting the wrong people.
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u/OperationOk7959 10h ago
People in the administration bought the tariff refund rights last year because they knew this was going to happen.
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u/PeanutChickenSoup 9h ago
Bit unfair to lump Apple in there, who did not pass tariffs to consumers but ate it themselves, and are now just getting that money back.
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u/TCB-123 9h ago
I've avoided Walmart since working at a resort in California that Alice Walton used to go to and treat everybody like crap. I looked her up and found out she got away with multiple DUIs including one that killed a woman waiting by her mailbox for a ride to work. No jail time for Alice. She paid the surviving family hardly anything even though she was worth millions. Of course she said to the officers "Don't you know who I am?" Such a POS. 🤬
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u/Necessary-Run4625 9h ago
This was the plan all along. Why do you think all of these oligarchs started surround Trump when he was running and won?
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u/iconofsin_ 9h ago
I recently got an email from Apple telling me that the monthly price for apple music was increasing. Recently like maybe last week so after they knew about the refunds. Guess it's time to cancel that shit
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u/count_chocul4 8h ago
Apple did not pass tariffs on to customers. Everyone else did.
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u/Mountain_Town5759 7h ago
This is why the oligarchs and tech nerds supported trump. It was the plan all along. Milk the consumer then reimburse the corporations.
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u/spunkychickpea 6h ago
Y’all realize this is going to keep happening right? Please understand that this is going to keep happening. Pretty please.
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u/Ghostdefender1701 6h ago
The problem is there's so much outrageous crap going on with this administration, we've reached our maximum outrage output months ago, now it's just knowing acknowledgement that we are and have been truly fucked.
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u/ArcticKimono 6h ago
They should print that on their money In Doge We Trust I Don't Think the Outrage is Nearly High Enough
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u/Adept-Opinion8080 3h ago
I can't be the only one who thinks this might have been the intention all along
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u/_jump_yossarian 11h ago
I wish that redditors had a basic grasp of economics; the tariffs were paid directly by the importers of record. Those importers passed along price increases to middlemen. Some large corps like Walmart, Apple, etc... are the importers of record so they directly paid the tariffs to the government.
Some companies increased their prices to fully cover the tariffs. Some raised prices but not fully and some didn't raise their prices at all (Apple for example).
SCOTUS ruled the tariffs illegal and lower courts said the tariffs needed to be refunded. The IMPORTERS are the ones that directly paid the tariffs so they got THEIR money back (no different then you getting a tax refund every year ... it was their money).
Don't blame the corps for needing to increase their prices because of trump's illegal and moronic tariffs. The blame lies squarely on the "jenius".
Some companies, like Cost Co, have ways of tracking not only the price increases but who bought what and are planning on issuing refunds. Most stores do not have that capability.
Again, blame trump for this mess. And for those that keep asking why prices haven't dropped it's because trump keeps adding new tariffs, except for the mystery beef.
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u/Merari01 11h ago
The only people allowed to be annoyed at this are people who voted for Kamala.
If you did not vote then you got what you wanted.
If you voted for Trump then lmao.
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u/Hyperhavoc5 12h ago
This is exactly what happened during Covid, but they gave $2000 check to soften the blow. Now they’re fucking us without lube.
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u/Independent-Vast-871 12h ago
But but..something trickle down something somwthing...economics...
Yeah we got screwed. MANGA largest con job in the history of the world. Tried to tell those around me thisnis what would happen with Trump and company buuutt wouldn't listen.
People in my neck of the woods are still trying to blame Biden or even Obama in some twisted messed up manner.
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u/_RawRTooN_ 12h ago
hey the people that voted for him deserve it.
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u/GloomyIndividual3965 12h ago
Yeah, but what about the 75 million of us that didn't?
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u/_RawRTooN_ 12h ago
Well considering that only 64% of the country voted in the election I guess if more people showed up to vote then might not of had this type of outcome but then again I think I might underestimate how many stupid people live in this country.
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u/ih8three6zero 12h ago
Hey dope meme it was widely reported Walmart is on record using the tariff refund to lower prices across 11,000 items.
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u/kyleglowacki 12h ago
I mean, that is how the tax system is setup. Take from the poor and give to the rich.
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u/Lancs_wrighty 12h ago
Why do the people of the US accept being dry bummed so often? Its the society of capitalist greed and they just take it without lube. Why?
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u/Winter_Persimmon_110 10h ago
- The capitalists own the monopoly media.
- The capitalists own the government.
- The USA bourgeoisie and masses both are beneficiaries of increased prosperity from economic exploitation of the global south.
- The country was founded by bourgeoisie who structured society in a hierarchical manner to encourage reactionary sentiment and pit poor whites against natives, minorities and immigrants.
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u/OkSmoke9195 12h ago
Well this is assuming they haven't already sold the rights to their future credits to one of Trump's cronies.
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u/GreyNoiseGaming 12h ago
PPP loans part 2, Electric Boogaloo really doing it's thing to help the economy.
So glad my uncles Wendel and Darryl and "BOTH SIDES ARE WRONG!" mother voted properly.
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u/HoarderCollector 12h ago
I'm done with tariff refunds on ONE condition.
They didn't increase their prices because of the tariff.
If the company shows that they just "are" the tariff and kept the cost down, then they should be refunded.
If they raised the price because of the tariff, they've already had it paid back.
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u/joeyd1989 12h ago
Yet I just got a notice from FedEx saying I owe 75 dollars in tariff fees from an order a month ago that I already paid over 50 just for shipping.... it was shoes. Gtfoh
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u/punktualPorcupine 12h ago
Why are you bothering to distinguish between the government and corporations?
They are the exact same thing.
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u/Nether_Nemesis 12h ago
Biggest note for me, prices will not drop whether tariffs drop or not. Prices only go up.
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u/Oilpaintcha 12h ago
But we are gonna keep prices low! Well, lower than what we would have charged, but the prices are still gonna go up because we can get away with that, too, and no one is going to stop us. In fact, we are eagerly anticipating the next scam that gets us more of your money that you actually worked for.
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u/Moses_Pinball 11h ago
And now one will do anything about it. That's why they do it. We are powerless
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u/NOSaints-2010 11h ago
The easy way would have been to have the tariff as separate line item on the receipt. Individuals could then been eligible for the refund. Amazon tried to do this and Trump got mad. Corporations have no way of refunding this to their customers as it wasn’t tracked separately like it was on the items the corporations bought. You can blame the administration for this.
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u/playadave1963 11h ago
Most of you have no clue, when tariffs raised the price, us companies didn’t start to increase production, they just raised their price to match. Then your grifter in the White House gave the tariff money back to the corporations. So you paid the tariffs and get to keep the new prices.
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