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Target tells suppliers to pick up cost of China trade tariffs

 

September 6, 2019

Jerry Holt

Target has told suppliers to pick up the cost of China tariffs.

The latest round of tariffs on Chinese-made goods will raise the cost of millions of everyday consumer items. But Target Corp. does not want to pass any increase along to shoppers. Instead, it is telling suppliers to eat the costs.

In a pointed memo to hundreds of national-brand vendors who import goods from China, Target's chief merchandising officer, Mark Tritton, made clear that the Minneapolis-based retail chain "will not accept any new cost increases" related to the new levies that went into effect Sunday.

http://www.startribune.com/target-tells-suppliers-to-pick-up-cost-of-china-trade-tariffs/559513512/

 

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