US EditionCostco leans on mainland China suppliers as US tariffs bite
- Costco is experiencing challenges due to U.S. tariffs, which are impacting future sales, as reported on March 4 by President Donald Trump who announced increased tariffs on imports from China, Mexico, and Canada.
- During an earnings call, Costco Chief Financial Officer Gary Millerchip stated that customers may face higher prices due to tariffs and that Costco is seeking price cuts from its suppliers in China.
- Walmart is seeking price reductions from its Chinese suppliers amidst tariff pressures, but faced criticism from Chinese officials who deem the requests unreasonable and disruptive to fair trade.
- Costco is attempting to reduce costs by asking its suppliers in China to cut prices due to new tariffs imposed by the U.S. government on imports from China, which increased to 20 percent on March 4.
12 Articles
12 Articles
Costco follows Walmart’s lead in controversial request over tariffs
Like so many other major businesses, big chains like Costco and Walmart are feeling the financial pressures of impending U.S. tariffs.According to the Financial Times, Costco is pressuring Chinese suppliers to cut prices in the wake of announced 20% tariffs on all Chinese imported goods into the U.S.
Shoppers demand answers after four largest retailers caught 'hiking prices'
SOME Americans have called out major retailers for the current costs of some merchandise. Walmart and Costco, among others, are facing blowback this month for the alleged hikes on several items. GettyWalmart and Costco are coming under fire for pricing (stock image)[/caption] GettyA shopper has claimed that there unnecessary hikes this month (stock image)[/caption] A peeved shopper has claimed that the pricing changes are unnecessary and have no…
Costco follows Walmart’s lead, pressuring China suppliers to absorb U.S. tariffs
Costco is reportedly demanding price cuts from its Chinese suppliers as U.S. tariffs continue to take a toll. With rising import costs due to tariffs, Costco (COST+0.13%) – along with major U.S. retailers like Walmart – is trying to get suppliers to absorb some of the hit. This has placed additional pressure on Chinese exporters, who are already grappling with years of tariffs and razor-thin margins. The recent increase in tariffs by the Trump a…
Retailer pressures Chinese suppliers to slash prices to offset impact of US tariffs
American retailer Costco Wholesale is pressuring mainland China suppliers to cut prices in response to US tariffs, The Financial Times reported, citing suppliers. This follows Beijing officials meeting with Walmart last week to discuss media reports that the US retailer asked Chinese suppliers to...
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