久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Americas

Shoppers feel the squeeze as prices rise at retailers

By RENA LI in Los Angeles | China Daily | Updated: 2025-04-02 09:32
Share
Share - WeChat
A customer shops at a Target store in Rosemead, Los Angeles County, California, the United States, on March 4, 2025. [Photo/Xinhua]

For Jenny Yang, a 54-year-old resident of Irvine, California, shopping at Costco is becoming increasingly costly. She used to purchase groceries every two weeks for about $150 — which was sufficient to meet her family's needs for food, beverages and other household essentials.

However, with rising prices, she now finds herself buying only the bare minimum — eggs, vegetables and fruits per trip, spending more than $200 on average to stock up on household items.

"I feel that my wallet is losing value; everything has become so expensive," she told China Daily.

Business experts attribute the surge in prices to rising production costs, supply chain disruptions and the impact of tariffs on imported feed and packaging materials.

Costco CFO Gary Millerchip acknowledged that customers could face higher prices as a result of the tariffs during a December earnings call prior to the implementation of tariffs.

"When it rains, it rains on everybody," Millerchip said. He also noted that Costco would work closely with its vendors to manage the increased costs caused by tariffs.

Major retailers like Costco and Walmart are grappling with the financial strain of increased tariffs. US President Donald Trump's recent decision to raise tariffs has disrupted supply chains, ultimately affecting US consumers.

In response to rising costs, retailers have sought to shift the tariff burden onto their Chinese suppliers, pressuring them to lower prices. Costco has requested price reductions from its suppliers, following a similar move by Walmart, according to the Financial Times.

Walmart, which reduced its reliance on Chinese imports from 80 percent in 2018 to 60 percent in 2023, is now negotiating price cuts with its suppliers on a case-by-case basis.

A Bloomberg report revealed that Walmart has asked some of its Chinese suppliers — particularly those producing clothing and kitchenware — to lower their prices by up to 10 percent per round of tariffs.

"We aim to maintain everyday low prices," CFO John Rainey told CNBC. "There probably will be cases where prices will go up for consumers."

Frustrations voiced

However, those moves have been met with resistance from Chinese manufacturers, many of whom have taken to social media to voice their frustrations. They argue that they have "no room to lower prices in response to US tariffs" and reject the attempt to shift costs onto them.

"The big ones, they have the muscle to do it. What do you do if you're us? You're stuck with no choice," a Costco supplier posted.

As major retailers such as Walmart, Target and Costco intensify pressure on Chinese suppliers to reduce costs, China has begun to voice its discontent.

China's Ministry of Commerce firmly responded to Walmart's demands, noting China should not bear the blame for US tariffs.

"Our relevant departments have reached out to Walmart to further understand the situation, and the company has provided an explanation," said He Yongqian, a spokeswoman for the Commerce Ministry, during a news briefing in mid-March.

A LendingTree survey found that 61 percent of the people in the US are stressed about rising grocery costs, with 88 percent adjusting their shopping habits in response.

"Consumers are as focused as ever on quality, value and newness, but they are becoming increasingly selective in where they spend their dollars," Millerchip said.

"The uncertainty is ahead; we're navigating an unpredictable economic environment due to ongoing trade tensions," Walmart's latest earnings report acknowledged.

Agencies contributed to this story.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产在线综合视频 | 亚洲精品第一区二区在线 | 一级毛片私人影院老司机 | 天堂男人在线 | 国产精品理论 | 精品久| 在线播放第一页 | 日本一级毛片免费播放 | 男人操美女网站 | 免费在线成人 | 国产亚洲欧美在线视频 | 国产精品爱久久久久久久 | 国产主播精品福利19禁vip | 热热涩热热狠狠色香蕉综合 | 一区二区三区国模大胆 | 欧美毛片日韩一级在线 | 免费看的一级片 | 亚洲黄色三级网站 | 成年人黄视频在线观看 | 操12p| 日韩在线播放视频 | 综合91| 日本一级特黄特色大片免费视频 | 在线精品视频播放 | 手机看片日本 | 欧美做爱毛片 | 国产三级久久久精品三级 | 国产在线播放一区 | 亚洲 欧美 激情 另类 校园 | 国产精品久久久久久久y | 免费国产高清视频 | 国产资源在线免费观看 | 免费国产成人α片 | 国产亚洲精品久久久久91网站 | 成人黄色免费观看 | 国产精品成人观看视频国产 | 欧美一级三级 | 成人免费一区二区三区视频软件 | 香港经典a毛片免费观看爽爽影院 | 亚洲精品一区二区三区第四页 | 精品厕拍|