Dollar Tree executives have warned that product prices may rise again due to President-elect Donald Trump’s proposed tariffs on imported goods.
In an earnings call, CEO Michael Creedon explained that the tariffs could lead to changes in product sizes or the removal of certain items from stores, including Family Dollar locations, also owned by Dollar Tree.
The company, which relies on imports for about 40% of its sales—many from China—has outlined strategies to mitigate potential impacts. These include negotiating with suppliers, altering product specifications, or sourcing goods from different countries.
Creedon pointed out that similar tactics helped minimize the impact of tariffs during Trump’s first administration in 2018 and 2019.
Other major retailers like Walmart and Best Buy have also raised concerns about possible price hikes, emphasizing the burden on consumers who are still coping with the effects of inflation.
