Costco demands price cuts from Chinese suppliers as trade tensions escalate and import costs rise
Costco is reportedly demanding price cuts from its Chinese suppliers as U.S. tariffs continue to take a toll.
With rising import costs due to tariffs, Costco (COST) – along with major U.S. retailers like Walmart – is trying to get suppliers to absorb some of the hit. This has placed additional pressure on Chinese exporters, who are already grappling with years of tariffs and razor-thin margins.
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Walmart (WMT) is taking a page out of Costco’s (COST) playbook by ramping up its fuel station operations.
The retail giant plans to open or remodel over 450 fuel and convenience stations across 34 U.S. states by the end of 2025. Costco, by comparison, operates more than 700 gas stations, according to its latest annual report. Walmart and Costco did not immediately respond to Quartz’s request for comment.
Costco demands price cuts from Chinese suppliers as trade tensions escalate and import costs rise
Costco is following Walmart’s lead, pressuring China suppliers to absorb U.S. tariffs
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