- Costco CFO Gary Millerchip said during the retailer’s Thursday earnings call, "Tariffs raise costs—that's not something that we see as a positive in general." President-elect Donald Trump’s proposed tariff plan could increase duties 20% across the board and up to 60% for Chinese imports.
Costco is the latest retailer to share with investors its plans to combat the potential impact of high tariffs ahead of Donald Trump’s presidency. Gary Millerchip, chief financial officer of the membership-based big-box retailer, warned that increased taxes on imports, though only a hypothetical, could impact the costs of some of its products.
