COSTCO Says Prices Will Go Up Due To Tariffs
COSTCO SAYS PRICES ON GOODS WILL GO UP BECAUSE OF THE TRADE WAR BETWEEN THE U.S. AND CHINA
(CNN) – If you’re a COSTCO member and plan to do some shopping soon, you may notice higher prices.
COSTCO says it’s because of the trade war between the U.S. and China.
President Trump slapped U.S. tariffs on $250-billion worth of Chinese exports and warned those tariffs are likely to stay for some time.
China retaliated by also imposing new tariffs.
The tariffs are affecting COSTO goods like furniture, bikes and luggage.
The retailer says it’s working to reduce costs by sourcing goods from other countries.