Walmart has made a significant announcement that undermines the MAGA movement, revealing plans to invest over $6 billion in Mexico this year, despite Donald Trump's assurances that his tariffs would compel companies to return to the United States.
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This revelation effectively dispels the myth surrounding tariffs. The situation appears to be deteriorating for Trump.

Ignacio Caride, the President and CEO of Walmart de México y Centroamérica, shared this news during a press conference with Mexican President Claudia Sheinbaum.

Sheinbaum has emerged as a staunch adversary of Trump, consistently outmaneuvering him while earning considerable support from her constituents. In contrast, Trump is largely unpopular among the American populace.

Caride indicated that the new store openings in Mexico are expected to generate approximately 5,500 jobs.

"Walmart has been present in Mexico for over 65 years, and we intend to remain here for the next 30, 60, or even 90 years," Caride stated.

President Sheinbaum also criticized Trump for his announcement of a new "permanent" 25% tariff on all automobiles imported into the United States, asserting, "There should be no tariffs within the United States-Mexico-Canada trade agreement. That is the fundamental principle of the agreement."

She expressed her belief that tariffs on Mexican products can still be avoided, noting that Trump has already postponed tariffs on Mexico twice. This delay is set to expire next month, but given Sheinbaum's adeptness in dealing with Trump, many believe she will prevail.

Importantly for Americans, Walmart's announcement highlights the fundamental falsehood behind Trump's tariffs. While the economy is struggling and prices are rising, MAGA supporters have claimed that the "short-term" pain will lead to a resurgence of companies returning to the U.S.

However, that outcome seems unlikely. The only result of these tariffs will be a lighter wallet for consumers and a detrimental impact on retirement savings.
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