Walz mocks Trump not knowing 'how a tariff works' as companies ready 'massive' price hikes

American companies are not waiting for the results from next week’s Election Day to get a jump on hiking prices should Donald Trump win the presidency.

“We’re set to raise prices,” Columbia Sportswear chief executive Timothy Boyle told The Washington Post. “We’re buying stuff today for delivery next fall. So we’re just going to deal with it and we’ll just raise the prices. … It’s going to be very, very difficult to keep products affordable for Americans.”

The Republican ex-president has vowed to implement what The Post is calling “massive import tariffs,” that he falsely claims are paid not by Americans but by foreign companies that sell goods to the U.S.

“Producers of a range of items, including clothing, footwear, baby products, auto parts and hardware, say they will pass along the cost of the tariffs to their American customers,” The Post reports. “The planned price increases next year would come as consumers are beginning to enjoy relief from the highest inflation in four decades, and they directly contradict Trump’s repeated assurances that foreigners will pay the tariff tab.”

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If Trump wins, his tariffs would be the highest in nearly a century.

“Trump vows to impose the heaviest tariffs since the 1930s, including a 60 percent tax on products from China and a 10 to 20 percent fee on all other foreign goods. Doing so will encourage companies to produce inside the United States using American workers rather than buying from foreign suppliers, he has said.”

“Corporate America is admitting at the last minute that they’re gonna raise prices if Trump wins,” Bloomberg columnist Matthew Yglesias writes, posting screenshots of headlines in Minnesota and Wisconsin, two critical swing states.

Campaigning in Pennsylvania, a critical state for the Harris campaign, Democratic vice presidential nominee Tim Walz blasted Trump.

“This dude’s nearly 80 years old. He damn near killed himself getting into a garbage truck,” Governor Walz told supporters, referring to Trump’s stunt on Wednesday where he was driven around a parking lot in a white garbage truck with the “TRUMP” logo on it.

“You would think over 80 years, you would understand how a tariff works,” Walz added. “Smarter people than Donald Trump, which is a good chunk of folks, CEOs of companies like Black & Decker, AutoZone, and Columbia have gone on the record to say, if Donald Trump goes forward with his plan, they will simply have to raise prices and pass it on to you. Donald Trump [is] saying China will pay for those tariffs the same way Mexico paid for the wall. It’s not gonna happen.”

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