https://fortune.com/2024/11/22/donald-tr...s-walmart/
Prices on most items will be higher under Trump. Importers/retailers aren't going to suffer tariff tax losses, they will be passed onto American consumers.
You were warned.
Quote:Voters who returned Donald Trump to the Oval Office in hopes that living costs would return to the halcyon days before the pandemic may be in for a shock. Arkansas-based Walmart, the world’s largest retailer that traditionally has catered to working- and middle-class Americans, warned the President-elect’s plans to hike import duties across the board will be felt by everyday consumers. "Tariffs are going to be inflationary, there’s no disputing that,” Walmart finance chief John David Rainey told Fox News on Thursday. “A tariff is a tax on a foreign country, that’s the way it is whether you like it or not,” Trump promised supporters at an August rally in the key battleground state of Pennsylvania. “It’s a tax on a country that’s ripping us off and stealing our jobs.” The National Retail Federation, however, begged to disagree. Unless exporters are both willing and able to drop their factory gate prices in order to maintain volumes, the costs will entirely be borne by Americans—either directly in the form of import duties, indirectly through higher prices passed on to the customer, or some mix thereof. “A tariff is a tax paid by the U.S. importer, not a foreign country or the exporter,” NRF vice president Jonathan Gold said. Walmart finance boss Rainey said the massive retailer would do its utmost to cushion the blow—but pain was inevitable. “We’re going to work with our suppliers as well as our own private brand assortment to continue to try to bring down prices for customers,” he told Fox News. “But we’re not immune, and tariffs will be inflationary for customers.”
Note that the Wal-Mart finance chief waited until after the election to tell us this. He knows where his bread is buttered.
Now that they know their corporate tax cut is coming, they'll tell the truth about tariffs. Sad!
(11-24-2024, 09:18 PM)WingerDinger Wrote: [ -> ]![[Image: SG7kT.gif]](https://s7.gifyu.com/images/SG7kT.gif)
Walmart has already sourced 2/3rds of the merchandise they sell in the US. They have had a program for many years incentivizing domestic production. By 2027 80% will be made here. They are returning to their roots of everything made in US that is possible. Remember the commercials of Sam? The remaining 20% is spit between many countries a lot of which do not have the tariff imbalance China has.
https://corporate.walmart.com/about/inte...t/sourcing
The effects of this tariff balancing will be a lot less than the doomsayers and a bit more than overly optimistic people. Look at it this way. If you can produce a sea container of merchandise for about 15k-20k more than if it were made in China it would be about the same costs. A 40ft ocean container has a capacity of 2,390 cubic feet and can hold up to 20 standard pallets. (use 40 as the product would be floor stacked)
(11-25-2024, 12:06 AM)Jag149 Wrote: [ -> ] (11-24-2024, 09:18 PM)WingerDinger Wrote: [ -> ]
Walmart has already sourced 2/3rds of the merchandise they sell in the US. They have had a program for many years incentivizing domestic production. By 2027 80% will be made here. They are returning to their roots of everything made in US that is possible. Remember the commercials of Sam? The remaining 20% is spit between many countries a lot of which do not have the tariff imbalance China has.
https://corporate.walmart.com/about/inte...t/sourcing
The effects of this tariff balancing will be a lot less than the doomsayers and a bit more than overly optimistic people. Look at it this way. If you can produce a sea container of merchandise for about 15k-20k more than if it were made in China it would be about the same costs. A 40ft ocean container has a capacity of 2,390 cubic feet and can hold up to 20 standard pallets. (use 40 as the product would be floor stacked)
Trump's last tax breaks - in 2017 - added $7 trillion to the US deficit/debt.
Walmart is telling you upfront that Americans will pay for the Trump tariffs. Across the board. Every American company selling anything in the US will be passing their Trump tariff costs on to the American consumer.
According to Trump during his campaign, he will levy a tariff on Chinese products of 200%-400%. From most other countries (that includes Canada and Mexico) 20% tariffs on everything that crosses the US border.
The days of purchasing goods online at Chinese discount retailers such as TEMU are over and done.
(11-25-2024, 12:06 AM)Jag149 Wrote: [ -> ] (11-24-2024, 09:18 PM)WingerDinger Wrote: [ -> ]
https://corporate.walmart.com/about/inte...t/sourcing
That link is corporate-paid Walmart PR. There is another view of Walmart. It's not good. Walmart runs small business out of business. Walmart is a small-business eating monster.
If a small American manufacturer lives the American Dream and comes up with a new product idea, Walmart will try to steal it. They might initially do business with the small supplier, but that will only be to get their hands on the product and figure out how to copy it. Then the cheaper knock-off will be manufactured overseas by cheap oppressed labor. If the small business has a patent on their product, they will have to sue Walmart to get them to stop. Walmart will use high dollar lawyers to fight the small business every step of the way, hoping to bankrupt them. Every type of Trump-style legal delay will be used in order to bankrupt the small business before they can finally prevail. Trials will be stalled. Motions will be filed. Time is money. The more time that goes by, the closer the small business is to folding. This game is nothing to Walmart. They do it all the time. It is part of their business plan.
The worst thing a small business can do would be to invent a new product, manufacture it, and end up with Walmart as the sole marketer. Walmart will want exclusive marketing rights. They will pay the lowest price they can negotiate for the product, promising volume. Then, after Walmart begins to market knock-off copies they will hold the small business to the sole marketing agreement with their own lawsuit (s). The small business won't be able to sell product anywhere else, and Walmart will stop ordering from them. Their income will vanish right when they need it most to pay the lawyers to fight Walmart.
When Walmart comes to a small town, it drives local businesses out of business. Walmart will come in and sell product at a loss just to drive the local business out of business. They will steal all the customers. Then, after the local supplier is gone, and a local family is bankrupted and looses their home, Walmart raises it's prices to recoup the losses. For example, Walmart will sell hardware items for a loss to run a local hardware store out of business. Then, after there is no more locally owned hardware store, that same Walmart raises the prices on all hardware items above what it really needs, just to recoup the losses. Those prices never come back down. After the losses are recouped, the rest after that day is gravy for the super-rich owners of Walmart from then on.
Walmart fights dirty. Any time American consumers can get something at another local small business instead of Walmart, it is a good thing. When we shop at locally owned stores, the money stays in the local economy. When we shop at Walmart, or any other big box, the money gets sucked out of the local economy and goes into the pockets of the super-rich. We have just contributed to the growing wealth gap in America and done our part to kill our local town.
(11-25-2024, 10:11 AM)TDOSS Wrote: [ -> ] (11-25-2024, 12:06 AM)Jag149 Wrote: [ -> ]https://corporate.walmart.com/about/inte...t/sourcing
That link is corporate-paid Walmart PR. There is another view of Walmart. It's not good. Walmart runs small business out of business. Walmart is a small-business eating monster.
If a small American manufacturer lives the American Dream and comes up with a new product idea, Walmart will try to steal it. They might initially do business with the small supplier, but that will only be to get their hands on the product and figure out how to copy it. Then the cheaper knock-off will be manufactured overseas by cheap oppressed labor. If the small business has a patent on their product, they will have to sue Walmart to get them to stop. Walmart will use high dollar lawyers to fight the small business every step of the way, hoping to bankrupt them. Every type of Trump-style legal delay will be used in order to bankrupt the small business before they can finally prevail. Trials will be stalled. Motions will be filed. Time is money. The more time that goes by, the closer the small business is to folding. This game is nothing to Walmart. They do it all the time. It is part of their business plan.
The worst thing a small business can do would be to invent a new product, manufacture it, and end up with Walmart as the sole marketer. Walmart will want exclusive marketing rights. They will pay the lowest price they can negotiate for the product, promising volume. Then, after Walmart begins to market knock-off copies they will hold the small business to the sole marketing agreement with their own lawsuit (s). The small business won't be able to sell product anywhere else, and Walmart will stop ordering from them. Their income will vanish right when they need it most to pay the lawyers to fight Walmart.
When Walmart comes to a small town, it drives local businesses out of business. Walmart will come in and sell product at a loss just to drive the local business out of business. They will steal all the customers. Then, after the local supplier is gone, and a local family is bankrupted and looses their home, Walmart raises it's prices to recoup the losses. For example, Walmart will sell hardware items for a loss to run a local hardware store out of business. Then, after there is no more locally owned hardware store, that same Walmart raises the prices on all hardware items above what it really needs, just to recoup the losses. Those prices never come back down. After the losses are recouped, the rest after that day is gravy for the super-rich owners of Walmart from then on.
Walmart fights dirty. Any time American consumers can get something at another local small business instead of Walmart, it is a good thing. When we shop at locally owned stores, the money stays in the local economy. When we shop at Walmart, or any other big box, the money gets sucked out of the local economy and goes into the pockets of the super-rich. We have just contributed to the growing wealth gap in America and done our part to kill our local town.
Have you ever done business with Walmart?
(11-25-2024, 10:56 AM)Jag149 Wrote: [ -> ] (11-25-2024, 10:11 AM)TDOSS Wrote: [ -> ]That link is corporate-paid Walmart PR. There is another view of Walmart. It's not good. Walmart runs small business out of business. Walmart is a small-business eating monster.
If a small American manufacturer lives the American Dream and comes up with a new product idea, Walmart will try to steal it. They might initially do business with the small supplier, but that will only be to get their hands on the product and figure out how to copy it. Then the cheaper knock-off will be manufactured overseas by cheap oppressed labor. If the small business has a patent on their product, they will have to sue Walmart to get them to stop. Walmart will use high dollar lawyers to fight the small business every step of the way, hoping to bankrupt them. Every type of Trump-style legal delay will be used in order to bankrupt the small business before they can finally prevail. Trials will be stalled. Motions will be filed. Time is money. The more time that goes by, the closer the small business is to folding. This game is nothing to Walmart. They do it all the time. It is part of their business plan.
The worst thing a small business can do would be to invent a new product, manufacture it, and end up with Walmart as the sole marketer. Walmart will want exclusive marketing rights. They will pay the lowest price they can negotiate for the product, promising volume. Then, after Walmart begins to market knock-off copies they will hold the small business to the sole marketing agreement with their own lawsuit (s). The small business won't be able to sell product anywhere else, and Walmart will stop ordering from them. Their income will vanish right when they need it most to pay the lawyers to fight Walmart.
When Walmart comes to a small town, it drives local businesses out of business. Walmart will come in and sell product at a loss just to drive the local business out of business. They will steal all the customers. Then, after the local supplier is gone, and a local family is bankrupted and looses their home, Walmart raises it's prices to recoup the losses. For example, Walmart will sell hardware items for a loss to run a local hardware store out of business. Then, after there is no more locally owned hardware store, that same Walmart raises the prices on all hardware items above what it really needs, just to recoup the losses. Those prices never come back down. After the losses are recouped, the rest after that day is gravy for the super-rich owners of Walmart from then on.
Walmart fights dirty. Any time American consumers can get something at another local small business instead of Walmart, it is a good thing. When we shop at locally owned stores, the money stays in the local economy. When we shop at Walmart, or any other big box, the money gets sucked out of the local economy and goes into the pockets of the super-rich. We have just contributed to the growing wealth gap in America and done our part to kill our local town.
Have you ever done business with Walmart?
That has nothing to do with the discussion.
Personal anecdotes are useless in a discussion of such wide-ranging scope. If you're trying to make the discussion about you or me, I am not interested in that. There is no point in changing the discussion into that.
If you want to talk about Walmart, I'll gladly give my view. You seem to have a very favorable view of Walmart. I will gladly represent the unfavorable view. I have read extensively about Walmart. Walmart has not been good for America. Many American lives have been ruined by Walmart.
Walmart pays it's workers so little that many of them qualify for social assistance. Our tax dollars are being used to support Walmart workers, who are treated terribly. Thus, Walmart enjoys this indirect massive government subsidy. Couldn't operate without it. There is a high burn-out rate among Walmart workers. Walmart relies on government assistance programs to support it's workers. Walmart workers are treated horribly. They are often expected to have zero life and be on-call 24-7. When stores get more traffic, on-call workers are called in. If they refuse the call, their hours are dropped or they are fired. If store traffic drops, workers are sent home. They never know if they are going to get enough hours to pay rent or not. It's a horrible insecure way to live. If they do not accept being treated like this, Walmart will happily fire them and oppress others.
Working at Walmart is a good way to have no life, no savings, build no wealth, and be left with nothing at retirement age and forced wot work when others can enjoy retirement. Just look around at any Walmart. You'll see some very old people working there. They aren't doing that because they enjoy it. They have insufficient savings nor benefits. Walmart is happy to take advantage of their misfortune. Walmart sucks.
(11-25-2024, 11:47 AM)TDOSS Wrote: [ -> ] (11-25-2024, 10:56 AM)Jag149 Wrote: [ -> ]Have you ever done business with Walmart?
That has nothing to do with the discussion.
Personal anecdotes are useless in a discussion of such wide-ranging scope. If you're trying to make the discussion about you or me, I am not interested in that. There is no point in changing the discussion into that.
If you want to talk about Walmart, I'll gladly give my view. You seem to have a very favorable view of Walmart. I will gladly represent the unfavorable view. I have read extensively about Walmart. Walmart has not been good for America. Many American lives have been ruined by Walmart.
Walmart pays it's workers so little that many of them qualify for social assistance. Our tax dollars are being used to support Walmart workers, who are treated terribly. Thus, Walmart enjoys this indirect massive government subsidy. Couldn't operate without it. There is a high burn-out rate among Walmart workers. Walmart relies on government assistance programs to support it's workers. Walmart workers are treated horribly. They are often expected to have zero life and be on-call 24-7. When stores get more traffic, on-call workers are called in. If they refuse the call, their hours are dropped or they are fired. If store traffic drops, workers are sent home. They never know if they are going to get enough hours to pay rent or not. It's a horrible insecure way to live. If they do not accept being treated like this, Walmart will happily fire them and oppress others.
Working at Walmart is a good way to have no life, no savings, build no wealth, and be left with nothing at retirement age and forced wot work when others can enjoy retirement. Just look around at any Walmart. You'll see some very old people working there. They aren't doing that because they enjoy it. They have insufficient savings nor benefits. Walmart is happy to take advantage of their misfortune. Walmart sucks.
I don't think this is a fair criticism.
Most of the subsidies you are referring to are the earned income tax credit.
Almost all low skilled workers with children at home qualify for this credit.
Walmart pays its employees similar to how Target or Publix pay them. The discount retail sector is low wage. The one outlier is Costco. Fewer Costco employees qualify for the earned income tax credit, but not none.
(11-25-2024, 11:47 AM)TDOSS Wrote: [ -> ] (11-25-2024, 10:56 AM)Jag149 Wrote: [ -> ]Have you ever done business with Walmart?
That has nothing to do with the discussion.
Personal anecdotes are useless in a discussion of such wide-ranging scope. If you're trying to make the discussion about you or me, I am not interested in that. There is no point in changing the discussion into that.
If you want to talk about Walmart, I'll gladly give my view. You seem to have a very favorable view of Walmart. I will gladly represent the unfavorable view. I have read extensively about Walmart. Walmart has not been good for America. Many American lives have been ruined by Walmart.
Walmart pays it's workers so little that many of them qualify for social assistance. Our tax dollars are being used to support Walmart workers, who are treated terribly. Thus, Walmart enjoys this indirect massive government subsidy. Couldn't operate without it. There is a high burn-out rate among Walmart workers. Walmart relies on government assistance programs to support it's workers. Walmart workers are treated horribly. They are often expected to have zero life and be on-call 24-7. When stores get more traffic, on-call workers are called in. If they refuse the call, their hours are dropped or they are fired. If store traffic drops, workers are sent home. They never know if they are going to get enough hours to pay rent or not. It's a horrible insecure way to live. If they do not accept being treated like this, Walmart will happily fire them and oppress others.
Working at Walmart is a good way to have no life, no savings, build no wealth, and be left with nothing at retirement age and forced wot work when others can enjoy retirement. Just look around at any Walmart. You'll see some very old people working there. They aren't doing that because they enjoy it. They have insufficient savings nor benefits. Walmart is happy to take advantage of their misfortune. Walmart sucks.
Incorrect. It has everything to do with this. LOL !!! have a nice day. ...
I don't know why you guys are even entertaining that jackass..
(11-25-2024, 11:59 AM)WingerDinger Wrote: [ -> ]I don't know why you guys are even entertaining that jackass..
Good point. At least he had to go and type a bunch of worthless stuff other people said.?
(11-25-2024, 12:08 PM)Jag149 Wrote: [ -> ] (11-25-2024, 11:59 AM)WingerDinger Wrote: [ -> ]I don't know why you guys are even entertaining that jackass..
Good point. At least he had to go and type a bunch of worthless stuff other people said.?
"Worthless" is your original point.
Quote:Walmart has already sourced 2/3rds of the merchandise they sell in the US.
Indeed, "two-thirds of Walmart U.S.’ total product spend was on items made, grown or
assembled in the United States" so if 33% is on stuff "grown" in the US, and 2% is on stuff "made" in the US that means that the remaining 65% is on stuff "made" in other countries - right?
Quote:They have had a program for many years incentivizing domestic production. By 2027 80% will be made here. They are returning to their roots of everything made in US that is possible.
And ask the folks over at Rubbermaid exactly how beneficial that Wal*Mart "sourcing is.
Quote:The remaining 20% is spit between many countries a lot of which do not have the tariff imbalance China has.
https://corporate.walmart.com/about/inte...t/sourcing
The effects of this tariff balancing will be a lot less than the doomsayers and a bit more than overly optimistic people. Look at it this way. If you can produce a sea container of merchandise for about 15k-20k more than if it were made in China it would be about the same costs. A 40ft ocean container has a capacity of 2,390 cubic feet and can hold up to 20 standard pallets. (use 40 as the product would be floor stacked
Please get back to us when Wal*Mart raises its prices and tell us how this is such a "Good Thing" because it increased the US annual GNP. Smh
(11-25-2024, 11:47 AM)TDOSS Wrote: [ -> ] (11-25-2024, 10:56 AM)Jag149 Wrote: [ -> ]Have you ever done business with Walmart?
That has nothing to do with the discussion.
Personal anecdotes are useless in a discussion of such wide-ranging scope. If you're trying to make the discussion about you or me, I am not interested in that. There is no point in changing the discussion into that.
If you want to talk about Walmart, I'll gladly give my view. You seem to have a very favorable view of Walmart. I will gladly represent the unfavorable view. I have read extensively about Walmart. Walmart has not been good for America. Many American lives have been ruined by Walmart.
Walmart pays it's workers so little that many of them qualify for social assistance. Our tax dollars are being used to support Walmart workers, who are treated terribly. Thus, Walmart enjoys this indirect massive government subsidy. Couldn't operate without it. There is a high burn-out rate among Walmart workers. Walmart relies on government assistance programs to support it's workers. Walmart workers are treated horribly. They are often expected to have zero life and be on-call 24-7. When stores get more traffic, on-call workers are called in. If they refuse the call, their hours are dropped or they are fired. If store traffic drops, workers are sent home. They never know if they are going to get enough hours to pay rent or not. It's a horrible insecure way to live. If they do not accept being treated like this, Walmart will happily fire them and oppress others.
Working at Walmart is a good way to have no life, no savings, build no wealth, and be left with nothing at retirement age and forced wot work when others can enjoy retirement. Just look around at any Walmart. You'll see some very old people working there. They aren't doing that because they enjoy it. They have insufficient savings nor benefits. Walmart is happy to take advantage of their misfortune. Walmart sucks.
Not true at all and you would know otherwise if you actually knew or talked to people that work for Walmart.
Your "talking point" is just another leftist rant that thinks that companies that hire non-skilled labor should pay them a so-called "living wage" in order to support themselves. There are many cases where people start off at the bottom in many of these jobs, learn from their experience, go on to earn a relatively good living in management positions either at the company that hired them or elsewhere.
The two Walmart stores fairly near me has job openings for people to start at $15+ per hour. That's a pretty good wage for a bottom-end starting position for somebody that is "un-skilled". It's up to the person to work hard, learn and advance to a better paying job.
(11-25-2024, 02:59 PM)TDOSS Wrote: [ -> ] (11-25-2024, 12:08 PM)Jag149 Wrote: [ -> ]Good point. At least he had to go and type a bunch of worthless stuff other people said.?
"Worthless" is your original point.
Quote:Walmart has already sourced 2/3rds of the merchandise they sell in the US.
Indeed, "two-thirds of Walmart U.S.’ total product spend was on items made, grown or assembled in the United States" so if 33% is on stuff "grown" in the US, and 2% is on stuff "made" in the US that means that the remaining 65% is on stuff "made" in other countries - right?
Quote:They have had a program for many years incentivizing domestic production. By 2027 80% will be made here. They are returning to their roots of everything made in US that is possible.
And ask the folks over at Rubbermaid exactly how beneficial that Wal*Mart "sourcing is.
Quote:The remaining 20% is spit between many countries a lot of which do not have the tariff imbalance China has.
https://corporate.walmart.com/about/inte...t/sourcing
The effects of this tariff balancing will be a lot less than the doomsayers and a bit more than overly optimistic people. Look at it this way. If you can produce a sea container of merchandise for about 15k-20k more than if it were made in China it would be about the same costs. A 40ft ocean container has a capacity of 2,390 cubic feet and can hold up to 20 standard pallets. (use 40 as the product would be floor stacked
Please get back to us when Wal*Mart raises its prices and tell us how this is such a "Good Thing" because it increased the US annual GNP. Smh
Have you actually dealt with any of these companies you reference ? Have any tariffs occurred? How in the world can you spout all this based on what COULD happen in the future and MAY have an effect? What a piece of work....LOL More worthless stuff...
(11-25-2024, 04:47 PM)Jag149 Wrote: [ -> ] (11-25-2024, 02:59 PM)TDOSS Wrote: [ -> ]"Worthless" is your original point.
Indeed, "two-thirds of Walmart U.S.’ total product spend was on items made, grown or assembled in the United States" so if 33% is on stuff "grown" in the US, and 2% is on stuff "made" in the US that means that the remaining 65% is on stuff "made" in other countries - right?
And ask the folks over at Rubbermaid exactly how beneficial that Wal*Mart "sourcing is.
Please get back to us when Wal*Mart raises its prices and tell us how this is such a "Good Thing" because it increased the US annual GNP. Smh
Have you actually dealt with any of these companies you reference ? Have any tariffs occurred? How in the world can you spout all this based on what COULD happen in the future and MAY have an effect? What a piece of work....LOL More worthless stuff...
You might as well question if the sun will rise tomorrow. I mean, maybe it won't! If companies don't pass new costs on to customers, it would be very strange, to say the least. Though I do suppose it could happen.
So if a company such as Walmart normally pays $10 for a widget made in China (or any other foreign country) vs. a widget made for $15 here in the U.S.A and a 100% tariff is imposed on foreign made widgets, which one would Walmart purchase to sell?
That's the idea of tariffs. A company isn't going to buy the same widget for twice the price ($20) to sell and pass that cost onto consumers, they are going to buy the less expensive one ($15) made in the U.S.A, advertise that it's made in the U.S.A and sell the widget that might cost a consumer a little bit more than the Chinese made widget.
Yes, prices might rise just a bit, but that extra cost supports companies/business in the U.S. and in turn supports good paying jobs in the U.S.
(11-25-2024, 04:59 PM)mikesez Wrote: [ -> ] (11-25-2024, 04:47 PM)Jag149 Wrote: [ -> ]Have you actually dealt with any of these companies you reference ? Have any tariffs occurred? How in the world can you spout all this based on what COULD happen in the future and MAY have an effect? What a piece of work....LOL More worthless stuff...
You might as well question if the sun will rise tomorrow. I mean, maybe it won't! If companies don't pass new costs on to customers, it would be very strange, to say the least. Though I do suppose it could happen.
Have you actually dealt with any of the companies referenced too? LOL ... ...
(11-25-2024, 05:21 PM)jagibelieve Wrote: [ -> ]So if a company such as Walmart normally pays $10 for a widget made in China (or any other foreign country) vs. a widget made for $15 here in the U.S.A and a 100% tariff is imposed on foreign made widgets, which one would Walmart purchase to sell?
That's the idea of tariffs. A company isn't going to buy the same widget for twice the price ($20) to sell and pass that cost onto consumers, they are going to buy the less expensive one ($15) made in the U.S.A, advertise that it's made in the U.S.A and sell the widget that might cost a consumer a little bit more than the Chinese made widget.
Yes, prices might rise just a bit, but that extra cost supports companies/business in the U.S. and in turn supports good paying jobs in the U.S.
Thank you for being the first Trumper to acknowledge reality!
But I would be careful! The 46th president was quite cavalier about letting inflation go up 20% during his 4 years. A few percentage points of inflation can hurt a whole lot!
(11-25-2024, 05:21 PM)jagibelieve Wrote: [ -> ]So if a company such as Walmart normally pays $10 for a widget made in China (or any other foreign country) vs. a widget made for $15 here in the U.S.A and a 100% tariff is imposed on foreign made widgets, which one would Walmart purchase to sell?
That's the idea of tariffs. A company isn't going to buy the same widget for twice the price ($20) to sell and pass that cost onto consumers, they are going to buy the less expensive one ($15) made in the U.S.A, advertise that it's made in the U.S.A and sell the widget that might cost a consumer a little bit more than the Chinese made widget.
Yes, prices might rise just a bit, but that extra cost supports companies/business in the U.S. and in turn supports good paying jobs in the U.S.
So what happens when those other countries retaliate with their own tariffs? You're a farmer, right? The US exports $196 billion worth of farm products annually. What happens when those other countries decide they will support their farmers by putting a massive tariff on our farm exports? Would the federal government bail out US farmers?