If you don’t understand all this Trump trade war stuff in the media?
You’ll figure it out now….
Your big name dollar store’s , and probably the little one ‘s alsoget most of their stuff from China…
It’s the reason the stuff is sold for a dollar…
In order to deal with the tariffs, which are really just import taxes…..
YOU will have to pay for the Trump actions….
Donald Trump is levying a import tax on the American consumer….
Two of the largest U.S. dollar store chains warned that shoppers might face rising prices as a result of the ongoing trade war between the U.S. and China, Reuters reported Thursday.
Executives from both Dollar Tree and Dollar General told analysts on their post-earning calls that tension with Beijing will likely hit their businesses. The warning comes after President Trump announced an increase in tariffs on $200 billion of Chinese goods earlier this month.
Dollar General executives said the retailer was working with vendors to “mitigate the impact.”
“Even with these efforts, we believe our shoppers will be facing higher prices as 2019 progresses,” Dollar General Chief Financial Officer John Garratt said on the call.
Dollar Tree president and CEO Gary Philbin said in a statement that new tariffs Trump has levied against China will be “impactful” to their business and consumers in general.
Dollar Tree is the only major chain that has so far stayed true to the promise that everything in the store is $1.
The retailer, however, has been testing a new Dollar Tree Plus! Collection with a selection of more expensive products at certain locations, according to Business Insider.…
Other large retailer are warning their prices will rise with Trump’s import tax moves….