Macy's CEO warns trade war could force higher prices

Published May 15, 2019 19 Plays $0.01 earned

Rumble / Trending NewsMacy's is bracing itself for a fresh wave of tariffs.

Macy's CEO Jeff Gennette addressed the ongoing US-China trade war and whether it would have a meaningful impact on the department store's business.

Gennette said that tariffs imposed on Chinese imports during 2018 did not have a meaningful impact on the company.

However, new tariffs announced this month on $200 billion worth of Chinese imports likely would have an impact, specifically on Macy's furniture business.