He said the company is going to try and work with its vendors “to make sure we’re looking for ways where we can to mitigate the cost.”
Dollar Tree
Dollar Tree – which has high exposure to China – warned that if tariffs are implemented, then the company might have to change product details or sizes and even get rid of items altogether if they become too expensive.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| DLTR | DOLLAR TREE INC. | 73.76 | +1.69 | +2.34% |
(Angus Mordant/Bloomberg via Getty Images/File)
“Tariffs are going to be inflationary. There’s no disputing that,” Rainey said during an interview with Liz Claman on “The Claman Countdown.”
While Rainey said two-thirds of the items the company sells are made, grown or assembled in the U.S., he said it is “in no way immune to this.”
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A Walmart spokesperson said in a statement to FOX Business that the company remains “concerned that significantly increased tariffs could lead to increased costs for our customers at a time when they are still feeling the remnants of inflation.”
The retail industry isn’t the only one that’s raised concerns. For instance, the head of finance for Stellantis hinted that it could shift production to the U.S. in the event that tariffs are enacted.
