council of economic advisers said about the walmart announcement. >> does the cfo of walmart know what he's talking about, i don't think he would say prices are going to go up unless he knew they were going to go up. >> there's a million things and of course there are products that don't have close substitutes but a lot of them do and in the end it's empirical question, which is dominating, if you look at inflation, it's accelerating. >> so the president -- >> it's not in the data what he's saying, not in the aggregate data for sure. >> down playing clearly what everyone says is, at some point, big tariffs get passed on to consumers. walmart is not the only retailer. macy's will raise prices on some merchandise payoff the trade war. on the other side of trump's tariffs, stanley black did and deck -- black and decker announced building a new plant in fort worth, texas, that will