Walmart could stand to gain more shoppers as a result of the US-China trade war.
A recent report from UBS said that Walmart could end up with a “broader customer base” thanks to tariffs.
But the retailer has emphasized that US President Donald Trump’s trade war with China is still terrible news for shoppers.
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It’s no secret that Walmart’s not a fan of tariffs.
CEO Doug McMillon has established himself as a prominent critic of US President Donald Trump’s trade war with China, voicing his concerns about rising prices in the world of retail.
But a report from UBS indicates that a worsening trade war with China might come with an upside for the retail giant.
The report by Michael Lasser, Mark Carden, and Michael Goldsmith concluded that tariffs “are not necessarily viewed as beneficial for Walmart.” Still, they could boost the company’s market share, as “Walmart has historically seen share gains during periods of economic hardship.” It also added that Walmart’s senior leadership “believes it can manage through” tariffs.
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Source:: Businessinsider – Politics