Dollar stores warn they will have to raise prices over the rates
Two of the largest US dollar store chains reported that customers could face rising prices as a result of the ongoing US-China trade war, Reuters reported on Thursday.
Leaders from both Dollar Tree and Dollar General told analysts whether their earnings are calling tension with Beijing likely to beat their businesses. The warning comes after President Trump 
Donald John TrumpMexican President at Trump Immigration Rates: "America First is a Mistake" Bennet warns of "Race to Judgment" on Trump's charge Grassley beats Trump tariffs on Mexico: "An abuse of President announced an increase in tariffs of $ 200 billion of Chinese goods earlier this month.
Dollar General executives said the dealer worked with vendors to "reduce the effect."
"Even with these efforts, think we that our customers will face higher rates in 2019, "says Dollar Chief Financial Officer John Garratt said on the call. Dollar Tree is the only large chain that has so far been credible for the promise that everything in the store is $ 1.
However, the dealer has tested a new Dollar Tree Plus! algae of more expensive products in specific places, according to Business Insider.
"With its" Everything & # 39; sa Dollar "model, Dollar Tree has been one of the most unique, differentiated and prudent brand concepts in all value trades. is committed to evaluating every opportunity to deliver great value to our customers while driving long-term value creation, says Philbin in the revenue release.
Earlier this month, announced $ 200 billion tariffs of goods from China will rise from 10 percent He also warns about tariffs of an additional $ 325 billion of Chinese merchandise "shortly."
Other major dealers, including Costco and Walmart, warned that prices could lead to price increases. , s, id) {
var js, fjs = d.getElementsByTagName (s) [0];
if (d.getElementById (id)) returns;
js = d.createElement (s); js.id = id;
js.src = "http://connect.facebook.net/en_US/sdk.js#xfbml=1&appId=566538590082898&version=v2.9";
fjs.parentNode.insertBefore (js, fjs);
} (document, & # 39; script & # 39 ;, & # 39; facebook-jssdk & # 39;));
