the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
May 26, 2025
In August of 2024, before the election, Trump said: “Starting the day I take the oath of office, I will rapidly drive prices down and we will make America affordable again.”
No matter who they voted for, 75% of voters said they have experienced hardship or severe hardship due to inflation. This is according to a CNN exit poll in November 2024.
Prices have continued to go up ever since Trump took office, and are about to get worse. Tariffs will add to the cost of imports, meaning price increases are on the way.
Walmart recently warned Wall Street investors that it might have to increase some prices because of tariffs. Federal law requires corporations to be truthful with their investors. The Walmart’s CEO said, “Given the magnitude of the tariffs, even at the reduced levels announced this week, we aren’t able to absorb all the pressure given the reality…. In some cases, we’ll absorb costs … and not simply pass on a tariff cost.”
Basically, Walmart told Wall Street they will try to keep some prices down to undercut other retailers, but that prices WILL go up. This was a bridge too far for Trump, who went on a social media tirade. What Trump posted is an admission that he KNOWS prices will go up. He said: “WALMART … SHOULD EAT [the cost of] THE TARIFFS.”
After that, one of Trump’s wingmen, Treasury Secretary Scott Bessent, chatted with the Walmart CEO. Bessent put a positive spin on what he learned from Walmart by saying that while prices WILL go up, “what really mattered for Walmart customers … is that the price of gas is down from last year and is ‘only’ averaging $3.18 a gallon.” SO out of touch!
Clearly, Trump is not mad prices are going up. Trump is mad it is being pointed out. The President doesn’t want to take any blame for what his administration’s actions are causing.