Costco shares surprising pricing news as tariff pressures increase
The warehouse club's CFO has made a shocking admission given the current economic conditions.
Most Americans have some fear over the state of the economy.
Even though the job market has ostensibly been very strong, it has been challenging for many former high-earners to find new positions. When you see wide cuts at major technology companies, those a high-paying jobs being lost which may not be easy to replace.
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In addition, many Americans remain concerned over inflation and high prices. That's something that President Donald Trump's looming threats of tariffs has further exacerbated.
Americans do seem to understand that tariffs will be paid by them, and not foreign countries. Some huge companies like Walmart and Costco will eat some of those costs and maybe be able to force their vendors to do the same.
Despite that, prices are going to rise and that's something which has many Americans tightening their hold on their wallets.
