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Costco warns 'prices will go up' due to new tariffs
mystery-ak:
Costco warns 'prices will go up' due to new tariffs
By Brooke Seipel - 05/31/19 08:23 PM EDT
Retail giant Costco says it will likely have to raise prices due to the ongoing trade war between the U.S. and China.
USA Today reports that Costco's chief financial officer, Richard Galanti, said during an earnings call with investors that the company is hoping it does not need to raise prices, but is preparing to do so after new tariffs were announced this month between the two nations.
“At the end of the day, prices will go up on things,’’ Galanti said. “We’re hopeful the ebbs and flows of the relations between our countries improves in that regard.’’
more
https://thehill.com/policy/finance/international-taxes/446444-costco-warns-prices-will-go-up-due-to-new-tariffs
IsailedawayfromFR:
Or to say it more succinctly: If you shop at Costco, do not expect American made products.
kevindavis007:
--- Quote from: IsailedawayfromFR on June 01, 2019, 12:55:53 am ---Or to say it more succinctly: If you shop at Costco, do not expect American made products.
--- End quote ---
Question, why do I have to buy American only?
Wingnut:
--- Quote from: kevindavis on June 04, 2019, 04:46:04 pm ---
Question, why do I have to buy American only?
--- End quote ---
You can buy what ever you want where ever you choose. Shop till you drop Bubba.
kevindavis007:
--- Quote from: The Ghost on June 04, 2019, 04:48:30 pm ---You can buy what ever you want where ever you choose. Shop till you drop Bubba.
--- End quote ---
But you are OK with Government placing a tax on foreign goods.
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