Walmart, Target Price Hike Talks
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tariffsReuters
•Business
Business & Economics
US retailers haggle with suppliers after Trump tariffs
73% Informative
Major retailers say they can't just raise retail prices without losing market share and alienating American shoppers.
Their stance is leading to acrimonious discussions about pricing with goods suppliers whose costs have shot up following President Donald J. Trump's tariffs.
The outcome of their talks will determine when and by how much merchandise prices rise - and even which products retailers will keep on store shelves.
Bratz doll maker MGA Entertainment CEO Isaac Larian says he's negotiating with retailers on a price hike on its China -made toys.
Larian said he does not think he will be able to pass on the full 20% tariff to retailers as a 20% price hike.
"The retailers, that's their job. They resist and say they do not want to have a price increase," he said.
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