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Stock impact report

Tariff Ticker: Costco Seeks Discounts from China Suppliers, Industry Appeals to USTR on Forthcoming Duties [Yahoo! Finance]

Costco Wholesale Corporation (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
According to a report from the Financial Times, two of the big-box stores' mainland China manufacturers confirmed that it is seeking price cuts due to the added 20-percent tariff burden. More from Sourcing Journal Ethiopia's Textile Boom: The Next Big Sourcing Opportunity? PODCAST: Tariff Turmoil: What Now? What Next? Flexport CEO: Brands 'Paralyzed' as Tariffs Upend Supply Chain Planning The news comes after the wholesaler's CEO, Ron Vachris, noted on an earnings call earlier this month that Costco would weigh the possibility of revising its supply chain if the duties significantly raise prices on imported products. Vachris said “it is difficult to predict the impact of tariffs, but… our goal will be to minimize the impact of related cost increases to our members.” He also noted that only about one-third of Costco 's sales in the U.S. are goods coming from outside the country, and less than half of those items are sourced from China, Mexico or Canada. That's a differen Show less Read more
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