Target tells suppliers to cover costs of China tariffs so consumers won’t have to: Report

Date: Wednesday, September 11, 2019
Source: Fox Business

Target has told its suppliers that it will not accept any increased costs from tariffs on Chinese goods, according to a new report.

The retail giant wrote a letter to its suppliers on Aug. 27, saying they would have to be responsible for any added costs in order to avoid increasing costs for customers, The Wall Street Journal reportedWednesday.

The letter was sent days before a new round of tariffs went into effect on goods from both the U.S. and China. The U.S. implemented tariffs worth 15 percent on a host of goods from China, a decision that was met with countermeasures.

 

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