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September 30, 2019 at 8:18 am

Vedder in NYT: ‘Walton … Looked at China as a Source of Low-Cost Goods’

Dr. Richard Vedder, portrait

Dr. Richard Vedder

Dr. Richard Vedder, Distinguished Professor Emeritus of Economics at Ohio University, was quoted in an article originally appearing in the New York Times headlined “‘Catastrophic,’ ‘Cataclysmic’: Trump’s Tariff Threat Has Retailers Sounding Alarm.”

As China grew into its position as the world’s workshop, Walmart prospered with it, said Richard Vedder, emeritus professor of economics at Ohio University and the author of “The Walmart Revolution: How Big-Box Stores Benefit Consumers, Workers and the Economy.”

The relationship dates back to the days of Sam Walton, Walmart’s founder. “Walton and his successors looked at China as a source of low-cost goods and wanted to be aggressive in exploiting that opportunity,” Mr. Vedder said.

Read more at trueviralnews.com.

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