Companies That Should Fear “America First”: Walmart (WMT)
Finally, while most U.S. companies only have to worry about the “America First” initiative from Donald Trump for one reason or another, retailer Wal-Mart Stores, Inc. (NYSE:WMT) may find itself fending off the impact on several fronts.
First, if Trump successfully spurs new American jobs, that could force Walmart to pay higher wages to its workers.
Second, as was the case with Amazon, tariffs on foreign-made goods will increase the company’s inventory costs.
And third, as was potentially the case with General Electric and others, a political backlash could make business very difficult to conduct outside of the United States. Roughly one-fourth of Walmart’s revenue is generated outside of the U.S.
As of this writing, James Brumley did not hold a position in any of the aforementioned securities.