If Walmart operates in Canada and brings all the profit back to the US, is that reflected in the trade balance?
If Walmart operates in Canada and brings all the profit back to the US, is that reflected in the trade balance?
Question works for Amazon, etc.
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I will no longer be supporting Walmart, even after the tariffs are dealt with.
Why? Is this some moral stance?
In fact yes it is. The Walton’s daughter Alice killed another person and got away Scott free.
The “walmartification” of areas where they decimate small mom and pop stores by offering lower priced goods and then jack up the price once those stores are gone.
It’s low pay with zero benefits to its employees is also bad.
And from a moral standpoint, as a proud Canadian: Fuck the American corporations.
The walmartification description there applies to their suppliers, too. They offer a great purchase price (especially to food goods) and sell at a loss so both farmers and customers choose Walmart. Once competition is stifled, they slap the farmers with reduced offers (while no other chains have the total purchasing power anymore) while sale price can afford to come up a bit on the shelf.
This type of move by Huy Fong led to the Sriracha sauce shortage when the chili farmers rejected the low bid and were willing to let the crop rot.
hear hear!
It’s an “I’m Canadian and America can fuck right off in every way I possibly can tell them to” stance.