WALMART LECTURES TRUMP… FLASHBACK: WALMART’S IMPORTS FROM CHINA COST 400,000 JOBS

A Message From Doug

Respect for the individual is one of our core beliefs at Walmart. And the role we play in communities around the country to build a more diverse and inclusive society is more critical than ever as the tragic events in Charlottesville over the weekend painfully reminded us. Our prayers are with the victims and their families.

As we watched the events and the response from President Trump over the weekend, we too felt that he missed a critical opportunity to help bring our country together by unequivocally rejecting the appalling actions of white supremacists. His remarks today were a step in the right direction and we need that clarity and consistency in the future.

Our country is facing some very difficult issues that require our elected officials, business leaders and community-based organizations to work together. Representing a company with the largest and one of the most diverse groups of associates in the U.S., and an even more diverse customer base of tens of millions of customers, we believe we should stay engaged to try to influence decisions in a positive way and help bring people together. I will continue to strongly advocate on behalf of our associates and customers, and urge our elected officials to do their part to promote a more just, tolerant and diverse society.

Thank you for representing Walmart and our values today — and every day.

https://us3.walmartone.com/pages/stories-and-news/articles/a-message-from-doug/

The flood of Chinese imports purchased by Walmart shoppers has cost the U.S. economy about 400,000 jobs since 2001, according to a liberal think tank.

The Economic Policy Institute, which has long been a critic of U.S. trade policies with China, says Walmart (WMT) has been a major factor in the growing trade gap with China. It estimates that Walmart sold at least $49 billion worth of Chinese-made goods between 2001 and 2013, and said that its estimate of 400,000 jobs lost is conservative.

“Walmart has aided China’s abuse of labor rights and its violations of internationally recognized norms of fair trade by providing a vast and ever-expanding conduit for the distribution of artificially cheap and subsidized Chinese exports to the United States,” the report said.

Walmart doesn’t disclose the volume of Chinese imports that it sells. EPI says said it estimated Walmart’s Chinese imports using a variety of statistics, including ocean containers going from China to Walmart, and other trade data.

The group estimates that the U.S. has lost a total of 3.2 million U.S. jobs between 2001 and 2013 due to the rise in Chinese imports.

http://money.cnn.com/2015/12/09/news/companies/walmart-jobs-china-imports/index.html

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