All three of those companies depend heavily on manufactured goods. Berkshire Hathaway owns several manufacturing concerns directly. The common thread is that all of them depend on low cost overseas factories for product. If the tariffs stay in place the cost of those products will rise and if they rise high enough they will lose their cu…
All three of those companies depend heavily on manufactured goods. Berkshire Hathaway owns several manufacturing concerns directly. The common thread is that all of them depend on low cost overseas factories for product. If the tariffs stay in place the cost of those products will rise and if they rise high enough they will lose their customers. That's the law of supply and demand at work. Remember, Walmart became Walmart by selling low priced goods to middle and lower class consumers. How do you think those customers will react when Walmart if forced to raise prices to Nordstrom levels? Businesses care about sales whether they come from expensive cities or Armpit Iowa. And Amazon depends on customers who either want free overnight shipping or who live in Armpit Iowa, a town so small even WalMart won't bother.
All three of those companies depend heavily on manufactured goods. Berkshire Hathaway owns several manufacturing concerns directly. The common thread is that all of them depend on low cost overseas factories for product. If the tariffs stay in place the cost of those products will rise and if they rise high enough they will lose their customers. That's the law of supply and demand at work. Remember, Walmart became Walmart by selling low priced goods to middle and lower class consumers. How do you think those customers will react when Walmart if forced to raise prices to Nordstrom levels? Businesses care about sales whether they come from expensive cities or Armpit Iowa. And Amazon depends on customers who either want free overnight shipping or who live in Armpit Iowa, a town so small even WalMart won't bother.