Treasury Secretary Steven Mnuchin recently spoke with Walmart’s CFO about the impact of Chinese tariffs:
“Mnuchin said Wednesday he spoke with Walmart Inc. Chief Financial Officer Brett Biggs, who has warned that duties on Chinese imports will raise prices for consumers. His comments came in response to questions from Democratic Representative Benjamin McAdams of Utah. The lawmaker asked what to tell parents in his district if higher costs for everyday goods means they can’t afford essentials like baby diapers and infant formula.”
P.S. Tariffs could increase costs for just about everyone in the supply chain. Our courses can help you run a nimble business and keep costs down as much as possible. Check out our Order Forecast class, as well as others, today.