Costco is pressuring suppliers in mainland China to cut prices, FT reports

Costco is pressuring suppliers in mainland China to cut prices, FT reports

(Reuters) -Costco Wholesale is pressuring mainland China suppliers to cut prices in response to U.S. tariffs, The Financial Times reported on Tuesday, citing two suppliers. This follows Beijing officials meeting with Walmart earlier this month to discuss media reports that the U.S. retailer asked Chinese suppliers to slash prices to offset tariff impacts. Costco’s Chief…

Read More