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It could actually make some sense - if Walmart spent their spare cash importing Chinese stuff before the tariffs rather than spending it on American stuff, I th
by tim333 2y ago
It could actually make some sense - if Walmart spent their spare cash importing Chinese stuff before the tariffs rather than spending it on American stuff, I think that would have the effect of lowering GDP or domestic product. Presumably next month they'd stock up on American stuff which would cause a bounceback in the figures.
- iAMkenough 2y agoUnfortunately there's more nuance, as some materials to produce American stuff can't be sourced domestically or imported affordably. Realistically we'll see a few giants pivot to less quality materials, many large and medium size businesses reduce their offerings, and a large amount of small businesses dissolving or filling for bankruptcy after not being able to weather the abrupt, completely voluntary supply chain disruptions across various industries.
- Aloisius 2y agoDomestic investment spending, including retail inventory, was up quite a bit, so that seems unlikely. What dropped like a rock was consumer spending growth.